(1)Profits or gains arising out of land in the case of any concern specified in subsection (2) below shall be charged to tax under Case I of Schedule D.
(2)The concerns are—
(a)mines and quarries (including gravel pits, sand pits and brickfields);
(b)ironworks, gasworks, salt springs or works, alum mines or works (not being mines falling within the preceding paragraph) and waterworks and streams of water;
(c)canals, inland navigation, docks and drains or levels;
(d)fishings;
(e)rights of markets and fairs, tolls, bridges and ferries;
(f)railways and other ways;
(g)other concerns of the like nature as any of the concerns specified in paragraphs (b) to (e) above.