Rental Income received from Agricultural Land shall be exempt from Tax and be treated as Agricultural Income: ITAT [Read Order]

By Sunayana Dhal - On September 23, 2023 2:00 pm - 2 mins read
Rental Income - Rental Income received from Agricultural Land - Agricultural Land - Tax - Agricultural Income - taxscan

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that the rental income received from the agricultural land shall be exempt from tax and be treated as agricultural income. The assessee derived agricultural income in the form of rental income in accordance with the provisions of Section 2(1A)(a) of the Income Tax Act,…

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