https://www.taxtmi.com/caselaws?id=281920 The article addresses whether an annual allowance granted in lieu of lease profits qualifies as agricultural income and clarifies that characterisation depends on the source of the receipt. It states that a personal or ex gratia allowance awarded on resumption of possession and in recognition of ancestral claims-rather than being derived from land or agricultural operations-does not constitute agricultural income under the Income-tax Act. The operative effect: such a personal allowance is excluded from the class of agricultural receipts for tax characterisation purposes. en-us Tue, 02 Apr 1940 00:00:00 +0530 Fri, 12 Jul 2019 18:24:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281920 The article addresses whether an annual allowance granted in lieu of lease profits qualifies as agricultural income and clarifies that characterisation depends on the source of the receipt. It states that a personal or ex gratia allowance awarded on resumption of possession and in recognition of ancestral claims-rather than being derived from land or agricultural operations-does not constitute agricultural income under the Income-tax Act. The operative effect: such a personal allowance is excluded from the class of agricultural receipts for tax characterisation purposes. Case-Laws Income Tax Tue, 02 Apr 1940 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281920