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1997 (7) TMI 12 - SC - Income Tax
Computation of income - Income which is partially agricultural & partially from business - assessee-company, is a manufacturer of sugar which purchases sugarcane from the market for crushing. It also has its own cane fields where it cultivates sugarcane which is entirely consumed by its factory - held price of sugarcane grown in its own fields had to be computed u/r 7(2)(a) - assessee's prayer is for a direction to the Tribunal to consider new questions of fact, is not acceptable