https://www.taxtmi.com/caselaws?id=183042 Agricultural income requires rent or revenue derived from land used for agricultural purposes; land revenue assessment alone does not establish that condition. Income from fisheries and from toddy, grass, moonj, patawar, forest trees and spontaneously grown mangoes lacks the necessary cultivation or human contribution and is not exempt agricultural income. Conversely, statutory interest on arrears of agricultural rent is revenue derived from land because it arises from the tenancy and rent arrears relationship. The former category is taxable, while interest on agricultural rent arrears qualifies for exemption under the Income-tax Act, 1922. en-us Fri, 21 Feb 1947 00:00:00 +0530 Thu, 26 May 2016 18:03:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=183042 Agricultural income requires rent or revenue derived from land used for agricultural purposes; land revenue assessment alone does not establish that condition. Income from fisheries and from toddy, grass, moonj, patawar, forest trees and spontaneously grown mangoes lacks the necessary cultivation or human contribution and is not exempt agricultural income. Conversely, statutory interest on arrears of agricultural rent is revenue derived from land because it arises from the tenancy and rent arrears relationship. The former category is taxable, while interest on agricultural rent arrears qualifies for exemption under the Income-tax Act, 1922. Case-Laws Income Tax Fri, 21 Feb 1947 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=183042