1969 (3) TMI 25 - HC - Income Tax

Kerala Agricultural Income Tax Act 1950 - petitioner has entered the land applied for lease of the land under the rules for lease of the Govt. lands for cardamom cultivation -income derived by the assessee from the lands was not liable to agricultural income-tax

Summary

The High Court of Kerala ruled that income derived from land used for agricultural purposes can be considered agricultural income. The court set aside an incorrect assessment order and directed the Income-tax Officer to determine if the land is assessed to land revenue or subject to a local rate before assessing income as agricultural. No costs were awarded. (Case citation: 1969 (3) TMI 25 - KERALA High Court, Judge: K. K. MATHEW)