| Case ID |
3caa02b6-7d6e-410f-aa49-615033154be8 |
| Body |
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| Case Number |
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| Decision Date |
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| Hearing Date |
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| Decision |
The Madras High Court held that the receipts from grazing permits, administrative charges, weighing charges, sale of minor forest produces, and sale of other permits constitute agricultural income, while the registration fee does not qualify as agricultural income. This decision was based on prior case law and clarified the classification of these receipts under Section 2(1A) of the Income-tax Act, 1961. Therefore, the court ruled in favor of the assessee for all receipts except for the registration fee, which was ruled in favor of the revenue. |
| Summary |
This case revolves around the classification of various receipts as agricultural income under the Income-tax Act, 1961. The Madras High Court examined whether specific types of income, including grazing permits and administrative charges, should be considered agricultural income for the assessment year 1987-88. The court's ruling clarified that while most receipts were deemed agricultural income, the registration fee was not. This decision is significant for tax assessments related to agricultural income and provides clear guidelines for similar cases in the future. Keywords: agricultural income, Income-tax Act, tax assessment, Madras High Court, legal precedent. |
| Court |
Madras High Court
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| Entities Involved |
Commissioner of Income Tax,
Tamilnadu Forest Plantation Corpn.
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| Judges |
R., Jayasimha Babu,
A.K. Rajan
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| Lawyers |
T. Ravikumar,
P.P.S. Janardhana Raja
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| Petitioners |
Commissioner of Income Tax
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| Respondents |
Tamilnadu Forest Plantation Corpn.
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| Citations |
2002 SLD 2535 = (2002) 256 ITR 512
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| Other Citations |
CIT v. Tamil Nadu Forest Plantation Corpn. [2001] 248 ITR 331 (Mad.)
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| Laws Involved |
Income-tax Act, 1961
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| Sections |
2(1A)
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