https://www.taxtmi.com/caselaws?id=15373 Section 4(b) of the Tamil Nadu Agricultural Income-tax Act, 1955 allows exemption only where agricultural income from property held under trust for charitable or religious purposes corresponds to income not included in total income under the Income-tax Act, 1961. The assessee failed to produce material showing that, for the relevant assessment year, its trust income had been recognised as charitable or religious under the Central Act or excluded from total income. As the statutory condition was not affirmatively proved, the exemption was unavailable and the agricultural income-tax levy was sustained. en-us Mon, 18 Aug 1997 00:00:00 +0530 Thu, 06 Aug 2009 11:32:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15373 Section 4(b) of the Tamil Nadu Agricultural Income-tax Act, 1955 allows exemption only where agricultural income from property held under trust for charitable or religious purposes corresponds to income not included in total income under the Income-tax Act, 1961. The assessee failed to produce material showing that, for the relevant assessment year, its trust income had been recognised as charitable or religious under the Central Act or excluded from total income. As the statutory condition was not affirmatively proved, the exemption was unavailable and the agricultural income-tax levy was sustained. Case-Laws Income Tax Mon, 18 Aug 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15373