https://www.taxtmi.com/caselaws?id=23823 The High Court of Kerala ruled in favor of the Revenue, determining that the amount received by the sale of tender forms was not agricultural income but income taxable under the Income-tax Act, 1961. The court held that the sale of tender forms was not closely connected to agricultural operations and therefore did not qualify as agricultural income exempt from taxation under the Central Act. The decision emphasized that income includes any monetary return, even if related to a profession or occupation, and clarified that receipts from the sale of tender forms did not meet the criteria for agricultural income. en-us Fri, 21 Jul 1989 00:00:00 +0530 Thu, 14 Jan 2010 15:08:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23823 The High Court of Kerala ruled in favor of the Revenue, determining that the amount received by the sale of tender forms was not agricultural income but income taxable under the Income-tax Act, 1961. The court held that the sale of tender forms was not closely connected to agricultural operations and therefore did not qualify as agricultural income exempt from taxation under the Central Act. The decision emphasized that income includes any monetary return, even if related to a profession or occupation, and clarified that receipts from the sale of tender forms did not meet the criteria for agricultural income. Case-Laws Income Tax Fri, 21 Jul 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23823