1982 (6) TMI 127

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.... from somebody in respect of some land for carrying on its business. Then, the Khatedari rights were surrendered to the State Government and, in turn, the latter granted lease to the assessee to use the land for non-agricultural purposes, meaning thereby, for brick-kiln. The assessee paid Rs. 36,900 to the State Government for the conversion of the agricultural land. The lease was granted for ten ....

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....narsidas Jagannath, In re 15 ITR 185 (Lah) (FB) was discussed. In Banarsida's case, the assessee was a manufacturer of bricks. He obtained certain lands for digging out earth for manufacture. The land could be dug under the deed to the stipulated depth. He had no interest in the land and after digging the earth upto the stipulated depth, his right was to end. It was held in that case that the main....