https://www.taxtmi.com/caselaws?id=193647 Remuneration paid to a partner for supervising and managing agricultural property was held taxable as salary or service compensation, not exempt agricultural income under Section 4(3)(viii) of the Income-tax Act, 1922. The decisive factor was the character of the receipt: it was paid for extra work done in managing the concern, rather than as a profit share arising as of right from ownership of agricultural assets. The mere fact that the underlying source was agricultural property did not change the immediate nature of the payment, so the exemption for agricultural income was unavailable. en-us Thu, 03 Feb 1944 00:00:00 +0630 Thu, 10 Aug 2017 16:54:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193647 Remuneration paid to a partner for supervising and managing agricultural property was held taxable as salary or service compensation, not exempt agricultural income under Section 4(3)(viii) of the Income-tax Act, 1922. The decisive factor was the character of the receipt: it was paid for extra work done in managing the concern, rather than as a profit share arising as of right from ownership of agricultural assets. The mere fact that the underlying source was agricultural property did not change the immediate nature of the payment, so the exemption for agricultural income was unavailable. Case-Laws Income Tax Thu, 03 Feb 1944 00:00:00 +0630 https://www.taxtmi.com/caselaws?id=193647