https://www.taxtmi.com/caselaws?id=7346 Receipts from the right to cut and remove coconuts from coconut trees were examined against the statutory definition of agricultural income. The governing test required a clear nexus between the income, the land used for agricultural purposes, and the agricultural operations, with the land as the effective source of the income. Although the coconut trees stood on agricultural land, the effective source of the receipts was the trees and the right to exploit their yield, not the land itself. The receipts were therefore not agricultural income and did not qualify for exemption under section 4(3)(viii) of the Income-tax Act, 1922. en-us Wed, 21 Aug 1968 00:00:00 +0530 Wed, 18 Feb 2009 09:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7346 Receipts from the right to cut and remove coconuts from coconut trees were examined against the statutory definition of agricultural income. The governing test required a clear nexus between the income, the land used for agricultural purposes, and the agricultural operations, with the land as the effective source of the income. Although the coconut trees stood on agricultural land, the effective source of the receipts was the trees and the right to exploit their yield, not the land itself. The receipts were therefore not agricultural income and did not qualify for exemption under section 4(3)(viii) of the Income-tax Act, 1922. Case-Laws Income Tax Wed, 21 Aug 1968 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7346