https://www.taxtmi.com/caselaws?id=15225 The High Court ruled against a partnership firm's claim that remuneration received by one of its partners for services as a managing director from an English company constituted agricultural income eligible for a lower tax rate. The court emphasized that the firm did not engage in agricultural activities directly and that the source of income was the company's business operations, not agricultural endeavors. Relying on legal precedents, the court held that such remuneration did not qualify as agricultural income, ultimately siding with the Revenue and rejecting the firm's contention. en-us Mon, 26 Oct 1998 00:00:00 +0530 Mon, 03 Aug 2009 17:43:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15225 The High Court ruled against a partnership firm's claim that remuneration received by one of its partners for services as a managing director from an English company constituted agricultural income eligible for a lower tax rate. The court emphasized that the firm did not engage in agricultural activities directly and that the source of income was the company's business operations, not agricultural endeavors. Relying on legal precedents, the court held that such remuneration did not qualify as agricultural income, ultimately siding with the Revenue and rejecting the firm's contention. Case-Laws Income Tax Mon, 26 Oct 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15225