https://www.taxtmi.com/caselaws?id=21111 Rent derived from leased land may qualify as agricultural income only to the extent the land was actually used for agricultural purposes during the relevant years. The decisive inquiry is the existence and extent of agricultural use and basic agricultural operations, rather than the lease's commercial purpose, resort or hotel activities, house-tax assessment of structures, or central income-tax treatment. Inadequate examination of these factual matters prevented a conclusive determination of taxability. The assessments and appellate order were set aside, and fresh assessment was directed to determine actual agricultural use and any apportionable agricultural income. en-us Tue, 18 Aug 1992 00:00:00 +0530 Fri, 20 Nov 2009 11:26:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21111 Rent derived from leased land may qualify as agricultural income only to the extent the land was actually used for agricultural purposes during the relevant years. The decisive inquiry is the existence and extent of agricultural use and basic agricultural operations, rather than the lease's commercial purpose, resort or hotel activities, house-tax assessment of structures, or central income-tax treatment. Inadequate examination of these factual matters prevented a conclusive determination of taxability. The assessments and appellate order were set aside, and fresh assessment was directed to determine actual agricultural use and any apportionable agricultural income. Case-Laws Income Tax Tue, 18 Aug 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21111