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1928 (2) TMI 14 - HC - Income TaxExtract: .......e so-called rent has nothing to do with agricultural purposes, being entirely based upon the money-lending firm's rate of interest. In my opinion it is not agricultural income but profits of business and therefore not exempt. A Full Bench of this Court held the same view in R.C. No. 18 of 1925 and I am not persuaded that that decision is wrong.
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