https://www.taxtmi.com/caselaws?id=20039 Latex obtained by slaughter-tapping rubber trees under an agreement for their removal was not agricultural income under the Tamil Nadu Agricultural Income-tax Act, 1955. The court held that the receipt had to be traced to the contract itself, not to land or agricultural operations, because the agreement conferred no interest in land, required no preservation or nourishment of the trees, and was directed to their annihilation and removal. The assessee was neither a cultivator nor a recipient of rent-in-kind, and the latex did not arise from any process ordinarily employed to make produce marketable. It was therefore not assessable as agricultural income. en-us Fri, 08 Oct 1993 00:00:00 +0530 Wed, 11 Nov 2009 12:46:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20039 Latex obtained by slaughter-tapping rubber trees under an agreement for their removal was not agricultural income under the Tamil Nadu Agricultural Income-tax Act, 1955. The court held that the receipt had to be traced to the contract itself, not to land or agricultural operations, because the agreement conferred no interest in land, required no preservation or nourishment of the trees, and was directed to their annihilation and removal. The assessee was neither a cultivator nor a recipient of rent-in-kind, and the latex did not arise from any process ordinarily employed to make produce marketable. It was therefore not assessable as agricultural income. Case-Laws Income Tax Fri, 08 Oct 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20039