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PETITIONER: SRISH CHANDRA SEN (DECEASED) AND OTHERS
Vs.
RESPONDENT: THE COMMISSIONER OF INCOME-TAX, WEST BENGAL
DATE OF JUDGMENT: 23/11/1960
BENCH: HIDAYATULLAH, M. BENCH: HIDAYATULLAH, M. DAS, S.K. SHAH, J.C.
CITATION: 1961 AIR 487 1961 SCR (2) 598
ACT: Income Tax--Agricultural income--Acquisition of land form- ing part of permanently settled estate--Redemption of liability to pay land revenue by Payment of lump sum--Agricultural income from the land--Liability to income- tax-Indian Income-tax Act, 1922 (11 of 1922), S.2(1).
HEADNOTE: By a notification dated November 2, 1864, a piece of land forming part of the Panchannagram Estate which was permanently settled under Regulation 1 of 1793, was acquired by the Government of Bengal at the instance of the justices of the Peace for the Town of Calcutta, which was a corporation established under the provisions of the Calcutta Municipal Act, 1863, and the justices were required to pay the compensation payable to the proprietor of the Estate. After the acquisition, the proprietor of the Estate was granted abatement of land revenue assessed on the Estate to the extent of Rs. 386-7-1, being the proportionate land revenue on the land acquired. On October 27, i865, the Government called upon the justices to pay a sum of Rs. 7,728-13-8, which represented the amount capitalised at ...