https://www.taxtmi.com/caselaws?id=277445 Nazar or salami paid by a tenant to a landlord for recognition of transfer of a non-transferable holding was treated as revenue derived from land because it flowed from the landlord's proprietary interest in agricultural land rather than from a separate transaction. On that reasoning, the receipt fell within the statutory definition of agricultural income as revenue derived from land used for agricultural purposes. The receipt was therefore exempt from assessment to income tax and not chargeable under the Income-tax Act, 1922. en-us Wed, 22 Jul 1925 00:00:00 +0530 Tue, 04 Dec 2018 14:23:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277445 Nazar or salami paid by a tenant to a landlord for recognition of transfer of a non-transferable holding was treated as revenue derived from land because it flowed from the landlord's proprietary interest in agricultural land rather than from a separate transaction. On that reasoning, the receipt fell within the statutory definition of agricultural income as revenue derived from land used for agricultural purposes. The receipt was therefore exempt from assessment to income tax and not chargeable under the Income-tax Act, 1922. Case-Laws Income Tax Wed, 22 Jul 1925 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277445