https://www.taxtmi.com/caselaws?id=20726 Compensation received under an insurance policy for hail damage to growing tea leaves was held to be agricultural income in its entirety, because the receipt was referable to loss at the agricultural stage and not to the sale or manufacture of tea. The fact that the valuation was expressed by reference to made-tea did not make the receipt a mixed one or justify apportionment under rule 8 of the Income-tax Rules, 1962. The full insurance amount was therefore treated as agricultural income, with no part apportioned to business income, in favour of the assessee. en-us Tue, 06 Nov 1990 00:00:00 +0530 Mon, 16 Nov 2009 17:48:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20726 Compensation received under an insurance policy for hail damage to growing tea leaves was held to be agricultural income in its entirety, because the receipt was referable to loss at the agricultural stage and not to the sale or manufacture of tea. The fact that the valuation was expressed by reference to made-tea did not make the receipt a mixed one or justify apportionment under rule 8 of the Income-tax Rules, 1962. The full insurance amount was therefore treated as agricultural income, with no part apportioned to business income, in favour of the assessee. Case-Laws Income Tax Tue, 06 Nov 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20726