1968 (8) TMI 24 - HC - Income Tax

Agricultural income - held that remuneration received by a person for managing agricultural property would not be agricultural income

Summary

The High Court of Kerala ruled that the sum of Rs. 3,600 received as remuneration by the managing partner of a firm was not considered agricultural income for the Hindu undivided family. The court referred to relevant legal decisions to support its decision. The question was answered in favor of the assessee, and no costs were awarded.