https://www.taxtmi.com/caselaws?id=25280 A trust notified by the Central Government under section 10(23C)(v) was held entitled to corresponding exemption from agricultural income-tax under section 4(b) of the Tamil Nadu Agricultural Income-tax Act, 1955, because that provision grants exemption co-extensive with the exclusion available under the Income-tax Act for trust income. Once the trust's income was exempt for the relevant assessment year under the Central Act, the matching agricultural income could not be assessed under the State Act to the same extent. Full exemption from agricultural income-tax was therefore available for the relevant year, and the Tribunal's contrary order was set aside. en-us Wed, 07 Jan 1987 00:00:00 +0530 Wed, 27 Jan 2010 16:33:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25280 A trust notified by the Central Government under section 10(23C)(v) was held entitled to corresponding exemption from agricultural income-tax under section 4(b) of the Tamil Nadu Agricultural Income-tax Act, 1955, because that provision grants exemption co-extensive with the exclusion available under the Income-tax Act for trust income. Once the trust's income was exempt for the relevant assessment year under the Central Act, the matching agricultural income could not be assessed under the State Act to the same extent. Full exemption from agricultural income-tax was therefore available for the relevant year, and the Tribunal's contrary order was set aside. Case-Laws Income Tax Wed, 07 Jan 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25280