https://www.taxtmi.com/caselaws?id=193195 For agricultural income under the Bengal Agricultural Income-tax Act, chargeability requires that the owner's share be actually or constructively received; the owner's share is assessable only to the extent realised, except for portions remitted which are includible. Bargadars' shares may operate as remuneration and can amount to constructive receipt by the owner where applied to satisfy bargadar claims, but statutory and factual independence of bargadars can prevent automatic constructive receipt. For unsold paddy, valuation must use the local average open market price rather than the government procurement rate unless the procurement rate demonstrably reflected the locality's market price. en-us Thu, 05 Dec 1957 00:00:00 +0530 Sat, 15 Jul 2017 18:02:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193195 For agricultural income under the Bengal Agricultural Income-tax Act, chargeability requires that the owner's share be actually or constructively received; the owner's share is assessable only to the extent realised, except for portions remitted which are includible. Bargadars' shares may operate as remuneration and can amount to constructive receipt by the owner where applied to satisfy bargadar claims, but statutory and factual independence of bargadars can prevent automatic constructive receipt. For unsold paddy, valuation must use the local average open market price rather than the government procurement rate unless the procurement rate demonstrably reflected the locality's market price. Case-Laws Income Tax Thu, 05 Dec 1957 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193195