https://www.taxtmi.com/caselaws?id=277449 A payment exacted by a landlord from tenants as a condition for renewal of leases over agricultural land was treated as agricultural income. The receipts were connected with the landlord-tenant relationship and arose by reason of ownership and enjoyment of agricultural property; the fact that the exaction may have been improper or excessive did not alter its character. The court found no material distinction between these renewal payments and admitted forms of avakasam linked to the tenancy, and held the disputed receipt assessable as agricultural income under the Income-tax Act, 1922. en-us Fri, 16 Feb 1945 00:00:00 +0630 Tue, 04 Dec 2018 15:06:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277449 A payment exacted by a landlord from tenants as a condition for renewal of leases over agricultural land was treated as agricultural income. The receipts were connected with the landlord-tenant relationship and arose by reason of ownership and enjoyment of agricultural property; the fact that the exaction may have been improper or excessive did not alter its character. The court found no material distinction between these renewal payments and admitted forms of avakasam linked to the tenancy, and held the disputed receipt assessable as agricultural income under the Income-tax Act, 1922. Case-Laws Income Tax Fri, 16 Feb 1945 00:00:00 +0630 https://www.taxtmi.com/caselaws?id=277449