https://www.taxtmi.com/caselaws?id=291850 A non-recurring salami received on settlement of agricultural land is not agricultural income unless it represents rent or rent paid in advance. Where the premium is paid as consideration for acquiring the right to enjoy the land and has no direct relation to rent, it is a capital receipt. On the facts noted, the lump-sum salami was treated as payment for settlement of the land rather than periodical income, so it was not taxable as agricultural income under the Orissa Agricultural Income-tax Act. en-us Wed, 11 Feb 1953 00:00:00 +0530 Thu, 26 Nov 2020 11:34:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291850 A non-recurring salami received on settlement of agricultural land is not agricultural income unless it represents rent or rent paid in advance. Where the premium is paid as consideration for acquiring the right to enjoy the land and has no direct relation to rent, it is a capital receipt. On the facts noted, the lump-sum salami was treated as payment for settlement of the land rather than periodical income, so it was not taxable as agricultural income under the Orissa Agricultural Income-tax Act. Case-Laws Income Tax Wed, 11 Feb 1953 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291850