https://www.taxtmi.com/caselaws?id=7205 Salary paid to a partner for services rendered to a tea plantation firm is not agricultural income, because it is remuneration under the partnership arrangement and not a share of agricultural profits; the full amount remains outside agricultural income-tax. Interest paid to a partner on a separate loan advanced to the firm is treated the same way, as return on lending rather than agricultural income, and is not apportionable merely because the firm derives funds from tea cultivation. In computing the agricultural component of tea income, the agricultural income-tax authority should follow the Central income-tax computation to avoid inconsistent assessment and double taxation; on these facts, no contrary apportionment was justified. en-us Tue, 22 Aug 1967 00:00:00 +0530 Thu, 12 Feb 2009 16:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7205 Salary paid to a partner for services rendered to a tea plantation firm is not agricultural income, because it is remuneration under the partnership arrangement and not a share of agricultural profits; the full amount remains outside agricultural income-tax. Interest paid to a partner on a separate loan advanced to the firm is treated the same way, as return on lending rather than agricultural income, and is not apportionable merely because the firm derives funds from tea cultivation. In computing the agricultural component of tea income, the agricultural income-tax authority should follow the Central income-tax computation to avoid inconsistent assessment and double taxation; on these facts, no contrary apportionment was justified. Case-Laws Income Tax Tue, 22 Aug 1967 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7205