https://www.taxtmi.com/caselaws?id=292484 An annuity charged on a zamindari yielding both agricultural and non-agricultural income was not wholly agricultural income merely because it was payable out of the estate. The Patna HC held that, under the Bihar Agricultural Income Tax Act, 1938, deduction is available only to the extent the annuity is attributable to agricultural income, because the Act is a machinery provision and does not deem the entire annuity to be the recipient's agricultural income. As the governing instrument did not direct payment from one source alone, the annuity had to be apportioned in the same ratio as agricultural income formed part of the total estate income. The claim therefore succeeded only for the agricultural share. en-us Tue, 15 Feb 1944 00:00:00 +0630 Fri, 25 Dec 2020 18:31:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292484 An annuity charged on a zamindari yielding both agricultural and non-agricultural income was not wholly agricultural income merely because it was payable out of the estate. The Patna HC held that, under the Bihar Agricultural Income Tax Act, 1938, deduction is available only to the extent the annuity is attributable to agricultural income, because the Act is a machinery provision and does not deem the entire annuity to be the recipient's agricultural income. As the governing instrument did not direct payment from one source alone, the annuity had to be apportioned in the same ratio as agricultural income formed part of the total estate income. The claim therefore succeeded only for the agricultural share. Case-Laws Income Tax Tue, 15 Feb 1944 00:00:00 +0630 https://www.taxtmi.com/caselaws?id=292484