Income from Land is Agricultural Income if Basic Agricultural Operations performed

Nadeem Mohd. Abdul Vs ITO (ITAT Hyderabad) On a literal reading of Clause (a) of sub-section 1A to Section 2 we find that it refers to any rent or revenue (emphasis supplied by me) derived from land which is situated in India and is used for agricultural purposes. This section does not specify that the land which is used for agricultural purposes should be owned by the assessee. Therefore, the land owned by the assessee as well as the land taken on lease by the assessee are to be treated as agricultural land provided other conditions are satisfied. Further, not only the revenue, but even the r...