https://www.taxtmi.com/caselaws?id=285608 Whether receipts qualify as agricultural income turns on their immediate and effective source; the court applied the immediate-source test and held the ground rent from vacant land (not actually used for agriculture) is not agricultural income, so it is taxable. Interest received under the statutory provision for advance tax payments is not a capital or casual receipt but falls within taxable total income, and therefore includible. Dividends from tea companies derive from the company's declaration as the immediate source; they do not assume agricultural character from the company's underlying profits and are not exempt as agricultural income. en-us Tue, 03 Aug 1954 00:00:00 +0530 Sat, 18 Jan 2020 18:02:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285608 Whether receipts qualify as agricultural income turns on their immediate and effective source; the court applied the immediate-source test and held the ground rent from vacant land (not actually used for agriculture) is not agricultural income, so it is taxable. Interest received under the statutory provision for advance tax payments is not a capital or casual receipt but falls within taxable total income, and therefore includible. Dividends from tea companies derive from the company's declaration as the immediate source; they do not assume agricultural character from the company's underlying profits and are not exempt as agricultural income. Case-Laws Income Tax Tue, 03 Aug 1954 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285608