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2007 (10) TMI 230 - KERALA HIGH COURTLoss was occasioned to petitioner due to damage to the stock of rubber latex & a claim for insurance was made in Nov. 1992 – insurance amount was received during the period of A.Y. 1994-95 – in view of section 4(2)(ii), contention raised by the petitioner that the amount received as insurance claim could be related only to 1992-93 and not to the agricultural income of 1994-95 is liable to be rejected – contentions raised by the petitioner are devoid of merits & they are accordingly rejected
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