https://www.taxtmi.com/caselaws?id=304922 Whether sixty per cent of dividend receipts from tea companies constitute agricultural income was decided against the assessee: the HC applied binding precedent from the Supreme Court in the Bombay appeal and answered the question negatively. The court also addressed whether the ninety day time limit under the relevant income tax provision is mandatory or directory, holding it to be directory; this did not affect the substantive outcome. The Commissioner was awarded the costs of the reference. en-us Sun, 20 Mar 1955 00:00:00 +0530 Sat, 05 Nov 2022 12:46:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304922 Whether sixty per cent of dividend receipts from tea companies constitute agricultural income was decided against the assessee: the HC applied binding precedent from the Supreme Court in the Bombay appeal and answered the question negatively. The court also addressed whether the ninety day time limit under the relevant income tax provision is mandatory or directory, holding it to be directory; this did not affect the substantive outcome. The Commissioner was awarded the costs of the reference. Case-Laws Income Tax Sun, 20 Mar 1955 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304922