https://www.taxtmi.com/caselaws?id=38608 Under the Tamil Nadu Agricultural Income-tax Act, the exemption in section 10(1) depends on the extent of land held, not on the extent actually cultivated in a given year. The expression "to hold" in section 2(nn) was read to mean possession and enjoyment as owner, tenant, mortgagee in possession, or maintenance holder, so fluctuating annual cultivation does not by itself exclude a person from the Act. A finding that agricultural income falls below the taxable limit must also rest on material facts and figures; a bare conclusion without supporting basis is unsustainable. en-us Thu, 24 Mar 1977 00:00:00 +0530 Wed, 07 Apr 2010 15:21:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38608 Under the Tamil Nadu Agricultural Income-tax Act, the exemption in section 10(1) depends on the extent of land held, not on the extent actually cultivated in a given year. The expression "to hold" in section 2(nn) was read to mean possession and enjoyment as owner, tenant, mortgagee in possession, or maintenance holder, so fluctuating annual cultivation does not by itself exclude a person from the Act. A finding that agricultural income falls below the taxable limit must also rest on material facts and figures; a bare conclusion without supporting basis is unsustainable. Case-Laws Income Tax Thu, 24 Mar 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38608