Supreme Court of India
The Commissioner of Income-tax, West Bengal, Calcutta v. Raja Benoy Kumar Saras Roy
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
What the Court ordered
Before parting with these cases it may be apposite here to note the following observations of Vishwanatha Sastri J. in Commissioner of Income-tax, Madras v.
Judgment, page 49
From the headnote
Income-tax-Exemption-Income from sale of forest trees, if .and when agricultural income-"Agriculture", Meaning of-Indian Income-tax Act (XI of 1922), ss. 2(1), 4(3) (viii). The question for decision in this appeal by the Commissioner ·of Income-tax was whether a sum of Rs. 51,978 shown by the assessee in his return as income from his forest land was agricul tural income within the meaning of s. 2(1) of the Indian Income tax Act and was as such exempt from taxation under s. 4(3)(viii) of the Act.…
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