1945 (2) TMI 25 - HC - Income Tax

Summary

The High Court of Madras held that the excess amount of Rs. 3,500 demanded by the Zamorin of Calicut from his tenants before granting lease renewals is considered agricultural income under Section 2(1)(a) of the Income-tax Act. The Tribunal's decision was upheld, citing a similar case from the Patna High Court. The Commissioner was ordered to pay the costs of the reference, Rs. 250.