https://www.taxtmi.com/caselaws?id=191923 Interest on arrears of rent from agricultural tenants was held not to be agricultural income, because the decisive source of the receipt was the tenant's default and the resulting debt, not the land itself. Rent remains consideration for the use and occupation of agricultural land, but statutory interest under the Bengal Tenancy Act is only recompense for delayed payment and does not convert the amount into rent or revenue derived from land. The receipt was therefore assessable to income-tax as income other than agricultural income. en-us Wed, 03 Jul 1940 00:00:00 +0530 Wed, 03 May 2017 16:16:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191923 Interest on arrears of rent from agricultural tenants was held not to be agricultural income, because the decisive source of the receipt was the tenant's default and the resulting debt, not the land itself. Rent remains consideration for the use and occupation of agricultural land, but statutory interest under the Bengal Tenancy Act is only recompense for delayed payment and does not convert the amount into rent or revenue derived from land. The receipt was therefore assessable to income-tax as income other than agricultural income. Case-Laws Income Tax Wed, 03 Jul 1940 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191923