https://www.taxtmi.com/caselaws?id=192720 Income from coffee sales completed before the charging period was held outside the taxable agricultural income net merely because the sale proceeds were realised later; the statutory charge applied only to income within the relevant period, and the method of accounting did not change that result. Retrospective deletion of rule 10 did not automatically sustain reassessment: the matter had to proceed within the limits of the reassessment machinery, and fresh assessment was required in accordance with the correct legal position. The challenge to section 5(k) also failed, as hardship in individual cases was not enough to invalidate the provision. en-us Fri, 15 Apr 1960 00:00:00 +0530 Wed, 14 Jun 2017 17:31:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192720 Income from coffee sales completed before the charging period was held outside the taxable agricultural income net merely because the sale proceeds were realised later; the statutory charge applied only to income within the relevant period, and the method of accounting did not change that result. Retrospective deletion of rule 10 did not automatically sustain reassessment: the matter had to proceed within the limits of the reassessment machinery, and fresh assessment was required in accordance with the correct legal position. The challenge to section 5(k) also failed, as hardship in individual cases was not enough to invalidate the provision. Case-Laws Income Tax Fri, 15 Apr 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192720