Amount otherwise aggregate out-of number regarded during the term (a) also number or aggregate out of number into the clause (b) is higher than Rs. 20,100 or higher.
Hence, area 269SS of one’s Operate perform use also so you can import out of rural agricultural land in Asia but about condition given that outlined from the second proviso to your section; in which both sides inside are experiencing farming earnings and you can none off them enjoys one earnings rechargeable so you’re able to taxation not as much as that it Work.
The fresh new Higher Court out-of Delhi when you look at the Manager of money-taxation (Exemption) v. Alarippu 244 ITR 358 possess noticed you to definitely Put means and therefore is placed anyplace, as in people one’shands having safer-remaining, something entrusted into care of several other.