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1946 (8) TMI 18 - HC - Income TaxExtract: .......est on arrears of rent and cess relating to agricultural lands is agricultural income within the meaning of Section 2(1) of the Indian Income-tax Act and, as such, exempt from tax under Section 4(3)(viii). In view of the divided success of both parties, we direct that each party will bear his own costs in this Court. Reference answered accordingly.
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