https://www.taxtmi.com/caselaws?id=35914 Compounding of agricultural income-tax under section 65 applies only to the assessee's own holding, because the statutory charge under section 3(1) and the definition of "hold" in section 2(nn) cover possession and enjoyment as owner, tenant, mortgagee in possession or maintenance-holder. Land held merely as trustee falls outside that concept and cannot be clubbed with absolute holdings for compounding or assessment. The assessing authority had to verify the true nature of the lands even in compounding proceedings, so the trust lands could not be included in the aggregate holding and tax collected on that incorrect basis was refundable. en-us Fri, 12 Oct 1979 00:00:00 +0530 Wed, 17 Mar 2010 18:09:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35914 Compounding of agricultural income-tax under section 65 applies only to the assessee's own holding, because the statutory charge under section 3(1) and the definition of "hold" in section 2(nn) cover possession and enjoyment as owner, tenant, mortgagee in possession or maintenance-holder. Land held merely as trustee falls outside that concept and cannot be clubbed with absolute holdings for compounding or assessment. The assessing authority had to verify the true nature of the lands even in compounding proceedings, so the trust lands could not be included in the aggregate holding and tax collected on that incorrect basis was refundable. Case-Laws Income Tax Fri, 12 Oct 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35914