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Income Tax - Highlights / Catch Notes

Home Highlights September 2015 Year 2015 This

Treatment to assessee's income - business of production of ...


Income from Nursery and Banana Plant Production is Agricultural, Includes Tissue Culture; Greenhouse Use Doesn't Change Classification.

September 18, 2015

Case Laws     Income Tax     AT

Treatment to assessee's income - business of production of nursery plants and banana plants, tissue culture activities etc - merely because a greenhouse in involved, the nature of operations would not change - activities involved basic agricultural operations and therefore income thereof constitutes agriculture income. - AT

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