https://www.taxtmi.com/caselaws?id=292897 The court addressed whether profits from an annual mela held on agricultural land constitute agricultural income or fall within the Cess Act's tenure-holder charge. It applied the statutory definitions to conclude that mela profits arise from non agricultural use of land and are not agricultural income exempt under the Income Tax Act; an administrative Board of Revenue rule treating such profits as cessable was ultra vires and inconsistent with statutory tax allocation. Outcome: mela profits are chargeable to income tax rather than road cess, and the appeal succeeds for the assessee. en-us Tue, 30 Jul 1901 00:00:00 +0521 Tue, 12 Jan 2021 11:45:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292897 The court addressed whether profits from an annual mela held on agricultural land constitute agricultural income or fall within the Cess Act's tenure-holder charge. It applied the statutory definitions to conclude that mela profits arise from non agricultural use of land and are not agricultural income exempt under the Income Tax Act; an administrative Board of Revenue rule treating such profits as cessable was ultra vires and inconsistent with statutory tax allocation. Outcome: mela profits are chargeable to income tax rather than road cess, and the appeal succeeds for the assessee. Case-Laws Income Tax Tue, 30 Jul 1901 00:00:00 +0521 https://www.taxtmi.com/caselaws?id=292897