https://www.taxtmi.com/caselaws?id=277286 Income derived from a permanently settled estate from sale of forest produce and spontaneous growth was held not to be exempt from income-tax merely because the Permanent Settlement Regulation fixed the land revenue permanently. Produce from trees growing naturally without human intervention was treated as outside agricultural income under the Indian Income-tax Act, 1922. The Regulation fixed the jama, but it did not confer any general immunity from subsequent income-tax on estate income. Income from the settled estate remained assessable under the Act, subject only to express statutory exemptions. en-us Tue, 14 Jun 1949 00:00:00 +0530 Fri, 30 Nov 2018 12:19:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277286 Income derived from a permanently settled estate from sale of forest produce and spontaneous growth was held not to be exempt from income-tax merely because the Permanent Settlement Regulation fixed the land revenue permanently. Produce from trees growing naturally without human intervention was treated as outside agricultural income under the Indian Income-tax Act, 1922. The Regulation fixed the jama, but it did not confer any general immunity from subsequent income-tax on estate income. Income from the settled estate remained assessable under the Act, subject only to express statutory exemptions. Case-Laws Income Tax Tue, 14 Jun 1949 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277286