https://www.taxtmi.com/caselaws?id=33104 Section 4(b) of the Tamil Nadu Agricultural Income-tax Act, 1955 allows exemption for agricultural income from property held under trust for charitable or religious purposes to the extent corresponding income is excluded under the Income-tax Act, 1961. The assessee must establish its charitable status to claim the benefit, but the claim could not be finally rejected merely because the trust deed had not been produced on the existing record. The proper course is to verify the trust deed and re-examine the exemption claim afresh in accordance with law. en-us Wed, 29 Aug 2007 00:00:00 +0530 Wed, 22 Apr 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33104 Section 4(b) of the Tamil Nadu Agricultural Income-tax Act, 1955 allows exemption for agricultural income from property held under trust for charitable or religious purposes to the extent corresponding income is excluded under the Income-tax Act, 1961. The assessee must establish its charitable status to claim the benefit, but the claim could not be finally rejected merely because the trust deed had not been produced on the existing record. The proper course is to verify the trust deed and re-examine the exemption claim afresh in accordance with law. Case-Laws Income Tax Wed, 29 Aug 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33104