1997 (9) TMI 15 - HC - Income Tax

Summary

The High Court of Madras upheld the Commissioner of Agricultural Income-tax's decision that the petitioner was not eligible for compounding benefits for the assessment year 1984-85 due to holding over 100 acres. The court ruled that the maximum extent of land held during the financial year is relevant for determining eligibility for compounding. The judgment was delivered by Judge R. Jayasimha Babu, and the revision petition was dismissed. (Case citation: 1997 (9) TMI 15 - MADRAS High Court)