https://www.taxtmi.com/caselaws?id=191925 Interest on arrears of agricultural rent was treated as agricultural income because its real source was the landlord's right to receive rent from agricultural land, not a separate default-based receipt. The reasoning emphasised that such interest is inseparably connected with the landlord-tenant relationship and operates as an accretion to the rent itself. The Court also relied on the broad statutory meaning of income derived from land and consistent administrative practice. On that basis, interest on arrears of agricultural rent falls within the definition of agricultural income and is exempt from taxation under the Indian Income-tax Act. en-us Tue, 15 Feb 1944 00:00:00 +0630 Wed, 03 May 2017 16:47:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191925 Interest on arrears of agricultural rent was treated as agricultural income because its real source was the landlord's right to receive rent from agricultural land, not a separate default-based receipt. The reasoning emphasised that such interest is inseparably connected with the landlord-tenant relationship and operates as an accretion to the rent itself. The Court also relied on the broad statutory meaning of income derived from land and consistent administrative practice. On that basis, interest on arrears of agricultural rent falls within the definition of agricultural income and is exempt from taxation under the Indian Income-tax Act. Case-Laws Income Tax Tue, 15 Feb 1944 00:00:00 +0630 https://www.taxtmi.com/caselaws?id=191925