https://www.taxtmi.com/caselaws?id=15755 Rubber subsidy received from the Rubber Board was held not to be agricultural income because the statutory source test requires income to be derived immediately and effectively from land itself; a scheme-based subsidy does not satisfy that requirement, so its inclusion in agricultural income computation was unsustainable. Deductions for personal accident insurance premium, motor vehicle repairs, and fuel expenses were not allowed because section 5(e) permits only expenditure wholly and exclusively for the purpose of the land, and the record lacked adequate proof of ownership, use, or estate-related purpose. The subsidy addition was therefore set aside, while the expense disallowance was maintained. en-us Wed, 10 Sep 1997 00:00:00 +0530 Thu, 27 Aug 2009 15:13:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15755 Rubber subsidy received from the Rubber Board was held not to be agricultural income because the statutory source test requires income to be derived immediately and effectively from land itself; a scheme-based subsidy does not satisfy that requirement, so its inclusion in agricultural income computation was unsustainable. Deductions for personal accident insurance premium, motor vehicle repairs, and fuel expenses were not allowed because section 5(e) permits only expenditure wholly and exclusively for the purpose of the land, and the record lacked adequate proof of ownership, use, or estate-related purpose. The subsidy addition was therefore set aside, while the expense disallowance was maintained. Case-Laws Income Tax Wed, 10 Sep 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15755