https://www.taxtmi.com/caselaws?id=38348 The amended section 4(b) of the Tamil Nadu Agricultural Income-tax Act, 1955, withdraws the earlier exemption for agricultural income derived from property held under charitable or religious trust. Read in its statutory context, the provision is directed to Chapter III of the Income-tax Act, 1961, especially sections 11 to 13, which govern exemption conditions for income from property held for such purposes. It does not incorporate section 10(1), which concerns agricultural income. A construction preserving that exemption would defeat the object of the amending Act and disrupt the taxation scheme, so the contrary view was rejected. en-us Tue, 22 Nov 1977 00:00:00 +0530 Mon, 05 Apr 2010 16:56:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38348 The amended section 4(b) of the Tamil Nadu Agricultural Income-tax Act, 1955, withdraws the earlier exemption for agricultural income derived from property held under charitable or religious trust. Read in its statutory context, the provision is directed to Chapter III of the Income-tax Act, 1961, especially sections 11 to 13, which govern exemption conditions for income from property held for such purposes. It does not incorporate section 10(1), which concerns agricultural income. A construction preserving that exemption would defeat the object of the amending Act and disrupt the taxation scheme, so the contrary view was rejected. Case-Laws Income Tax Tue, 22 Nov 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38348