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2017 (8) TMI 445 - AT - Income TaxExemption u/s 10(1) - agricultural income - proof of agricultural operations - business of plant floriculture / tissue culture - Held that:- basic operations are carried out in the present case, which require human skill and labour, and subsequent operations, no matter how sophisticated, if that be used against the assessee, are only to foster the growth and to protect the produce, we find that the income from these operations can only be said to be agricultural income. The authorities belong indeed erred in law and on facts of this case in holding that the impugned income is not agricultural income. We, therefore, direct the Assessing Officer to treat the said income as agricultural income under section 2 (1A)(b)(i) of the Act. - Decided in favour of assessee.
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