https://www.taxtmi.com/caselaws?id=193139 Recurring salami or premium received in the ordinary course of letting agricultural land was treated as revenue derived from land, not as a capital receipt, because it formed part of the normal yield of the estate and was not compensation for wasting capital. The analysis distinguished long-term mining leases and similar transactions involving diminution of capital value, and stressed that the receipts here arose from relatively small holdings let for cultivation and capable of being re-let after abandonment. On that basis, the receipts fell within agricultural income under the Assam Agricultural Income-tax Act, 1939. en-us Thu, 12 Apr 1945 00:00:00 +0630 Thu, 30 Nov 2017 10:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193139 Recurring salami or premium received in the ordinary course of letting agricultural land was treated as revenue derived from land, not as a capital receipt, because it formed part of the normal yield of the estate and was not compensation for wasting capital. The analysis distinguished long-term mining leases and similar transactions involving diminution of capital value, and stressed that the receipts here arose from relatively small holdings let for cultivation and capable of being re-let after abandonment. On that basis, the receipts fell within agricultural income under the Assam Agricultural Income-tax Act, 1939. Case-Laws Income Tax Thu, 12 Apr 1945 00:00:00 +0630 https://www.taxtmi.com/caselaws?id=193139