https://www.taxtmi.com/caselaws?id=276664 A direct and continuing right to receive a share of land revenue can retain the character of agricultural income where the receipt is derived from the land revenue itself, even though the recipient's original rights in the land have been extinguished. The settlement here conferred a perpetual entitlement to one-fourth of net land revenue collections after deductions, and the Government acted only as collector before passing the amount on. The receipt was neither a mere allowance or pension from general funds nor a fixed sum unrelated to the revenue source. It was therefore treated as agricultural income and fell outside tax liability under the statutory definition. en-us Mon, 27 Jul 1959 00:00:00 +0530 Thu, 15 Nov 2018 14:45:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276664 A direct and continuing right to receive a share of land revenue can retain the character of agricultural income where the receipt is derived from the land revenue itself, even though the recipient's original rights in the land have been extinguished. The settlement here conferred a perpetual entitlement to one-fourth of net land revenue collections after deductions, and the Government acted only as collector before passing the amount on. The receipt was neither a mere allowance or pension from general funds nor a fixed sum unrelated to the revenue source. It was therefore treated as agricultural income and fell outside tax liability under the statutory definition. Case-Laws Income Tax Mon, 27 Jul 1959 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276664