https://www.taxtmi.com/caselaws?id=8096 Agricultural income arising as arrears of rent may be taxed even where the particular property generating that income was no longer owned or held, so long as the assessee owned or held some property in the relevant assessment year. Section 3 charges tax on the total agricultural income of the previous year, while section 2(1) defines the nature of agricultural income without requiring continued ownership of the specific source property. The definition of "person" in section 2(11) requires ownership or holding of some property, but not of each asset linked to every receipt. The scheme treats the taxpayer's status and the source of income as separate inquiries, and the aggregate agricultural income remains assessable accordingly. en-us Fri, 29 Jan 1971 00:00:00 +0530 Sat, 28 Mar 2009 12:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8096 Agricultural income arising as arrears of rent may be taxed even where the particular property generating that income was no longer owned or held, so long as the assessee owned or held some property in the relevant assessment year. Section 3 charges tax on the total agricultural income of the previous year, while section 2(1) defines the nature of agricultural income without requiring continued ownership of the specific source property. The definition of "person" in section 2(11) requires ownership or holding of some property, but not of each asset linked to every receipt. The scheme treats the taxpayer's status and the source of income as separate inquiries, and the aggregate agricultural income remains assessable accordingly. Case-Laws Income Tax Fri, 29 Jan 1971 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8096