https://www.taxtmi.com/caselaws?id=403490 Lease rent derived from land in India used for agricultural purposes falls within agricultural income under section 2(1A) of the Income-tax Act, 1961, even where the land is leased, because ownership is not a statutory requirement. The record showed the land retained its agricultural character and that agricultural operations had been carried on on it; the fact that the crops were commercial, aromatic or medicinal did not exclude the receipt from the statutory definition. The lease rent was therefore treated as agricultural income, and the addition was deleted. en-us Thu, 28 Jan 2021 00:00:00 +0530 Sat, 30 Jan 2021 07:35:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403490 Lease rent derived from land in India used for agricultural purposes falls within agricultural income under section 2(1A) of the Income-tax Act, 1961, even where the land is leased, because ownership is not a statutory requirement. The record showed the land retained its agricultural character and that agricultural operations had been carried on on it; the fact that the crops were commercial, aromatic or medicinal did not exclude the receipt from the statutory definition. The lease rent was therefore treated as agricultural income, and the addition was deleted. Case-Laws Income Tax Thu, 28 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403490