https://www.taxtmi.com/caselaws?id=281247 Income from leasing fishery rights in tanks and supply channels was held not to be agricultural income because it arose from the right to catch fish, not from land used for agricultural purposes. The fact that the tanks and channels also supported irrigation did not alter the character of the receipt. The reference to rent or revenue in the statutory definition required a sufficient nexus with agricultural land, which fishery income lacked. The Madras Estates Land Act and the sanad did not expand the income-tax exemption, and the claim for exclusion from tax was rejected. en-us Wed, 11 May 1932 00:00:00 +0530 Mon, 10 Jun 2019 16:02:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281247 Income from leasing fishery rights in tanks and supply channels was held not to be agricultural income because it arose from the right to catch fish, not from land used for agricultural purposes. The fact that the tanks and channels also supported irrigation did not alter the character of the receipt. The reference to rent or revenue in the statutory definition required a sufficient nexus with agricultural land, which fishery income lacked. The Madras Estates Land Act and the sanad did not expand the income-tax exemption, and the claim for exclusion from tax was rejected. Case-Laws Income Tax Wed, 11 May 1932 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281247