https://www.taxtmi.com/caselaws?id=19108 Sale proceeds from trees that grow spontaneously or are planted solely to provide shade to crops do not constitute agricultural income under agricultural income-tax law; their proceeds have a capital and non-agricultural character, requiring deletion of the related addition. Interest deduction for expenditure connected with land depends on factual proof that the amount was incurred in the relevant previous year and wholly and exclusively for the purpose of the land. Where the taxpayer does not provide particulars separating eligible interest from other expenditure, the allowable amount requires factual determination by the Assessing Officer; absent such particulars, relief is unavailable. en-us Tue, 25 Oct 1994 00:00:00 +0530 Wed, 04 Nov 2009 11:25:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19108 Sale proceeds from trees that grow spontaneously or are planted solely to provide shade to crops do not constitute agricultural income under agricultural income-tax law; their proceeds have a capital and non-agricultural character, requiring deletion of the related addition. Interest deduction for expenditure connected with land depends on factual proof that the amount was incurred in the relevant previous year and wholly and exclusively for the purpose of the land. Where the taxpayer does not provide particulars separating eligible interest from other expenditure, the allowable amount requires factual determination by the Assessing Officer; absent such particulars, relief is unavailable. Case-Laws Income Tax Tue, 25 Oct 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19108