https://www.taxtmi.com/caselaws?id=9301 Agricultural income-tax exemption under section 10 turned on the extent of agricultural land held, not merely the area cultivated in the assessment year; because the assessee held land beyond the exempt limit, the exemption was unavailable. Land planted with elephant grass as a regular fodder crop was not land used exclusively for pasture under section 2(nnn), as pasture contemplates spontaneous herbage grazed upon, not cultivated fodder. Crop-based agricultural income could also be estimated and taxed even where produce was consumed in the assessee's own dairy operations and no local market existed, since value could still be assessed and the adopted rate was not shown to be excessive. en-us Tue, 10 Jul 1973 00:00:00 +0530 Sun, 21 Jun 2009 17:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9301 Agricultural income-tax exemption under section 10 turned on the extent of agricultural land held, not merely the area cultivated in the assessment year; because the assessee held land beyond the exempt limit, the exemption was unavailable. Land planted with elephant grass as a regular fodder crop was not land used exclusively for pasture under section 2(nnn), as pasture contemplates spontaneous herbage grazed upon, not cultivated fodder. Crop-based agricultural income could also be estimated and taxed even where produce was consumed in the assessee's own dairy operations and no local market existed, since value could still be assessed and the adopted rate was not shown to be excessive. Case-Laws Income Tax Tue, 10 Jul 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9301