https://www.taxtmi.com/caselaws?id=25279 Section 4(b) of the Tamil Nadu Agricultural Income-tax Act, 1955 ties State agricultural income-tax exemption for trust income to the extent that such income is excluded from total income under the Income-tax Act, 1961. A religious or charitable trust notified by the Central Government under section 10(23C)(v) was therefore treated as exempt for the relevant assessment year, and its agricultural income could not be brought to State agricultural income-tax to the same extent as the Central exemption applied. The exemption was held to follow the Central notification without requiring a separate State notification, and the State assessment could not be sustained to that extent. en-us Wed, 07 Jan 1987 00:00:00 +0530 Wed, 27 Jan 2010 16:31:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25279 Section 4(b) of the Tamil Nadu Agricultural Income-tax Act, 1955 ties State agricultural income-tax exemption for trust income to the extent that such income is excluded from total income under the Income-tax Act, 1961. A religious or charitable trust notified by the Central Government under section 10(23C)(v) was therefore treated as exempt for the relevant assessment year, and its agricultural income could not be brought to State agricultural income-tax to the same extent as the Central exemption applied. The exemption was held to follow the Central notification without requiring a separate State notification, and the State assessment could not be sustained to that extent. Case-Laws Income Tax Wed, 07 Jan 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25279