https://www.taxtmi.com/caselaws?id=14665 Exemption for agricultural income from trust property under section 4(b) of the Tamil Nadu Agricultural Income-tax Act, 1955, must be construed independently of section 11 of the Income-tax Act, 1961. Section 11 governs exemption of non-agricultural trust income under the Central Act and does not, by itself, extend to agricultural income taxable under the State Act. The Tribunal misdirected itself by treating a section 11 exemption certificate as sufficient to grant relief under section 4(b). The agricultural income of the trust was therefore not automatically exempt on that basis, and the exemption order was set aside with the matter remitted for fresh consideration. en-us Fri, 09 Jan 1998 00:00:00 +0530 Fri, 17 Jul 2009 18:23:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14665 Exemption for agricultural income from trust property under section 4(b) of the Tamil Nadu Agricultural Income-tax Act, 1955, must be construed independently of section 11 of the Income-tax Act, 1961. Section 11 governs exemption of non-agricultural trust income under the Central Act and does not, by itself, extend to agricultural income taxable under the State Act. The Tribunal misdirected itself by treating a section 11 exemption certificate as sufficient to grant relief under section 4(b). The agricultural income of the trust was therefore not automatically exempt on that basis, and the exemption order was set aside with the matter remitted for fresh consideration. Case-Laws Income Tax Fri, 09 Jan 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14665