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Income Tax - Highlights / Catch Notes

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Nature of receipt - Agriculture income - sale of tea bushes and ...


Court Rules Tea Bush Sale Income as Business, Not Agricultural; Overturns Tax Decision on Compensation.

November 21, 2022

Case Laws     Income Tax     AT

Nature of receipt - Agriculture income - sale of tea bushes and receipt received on account of sale of trees as business income of the assessee - the action of the lower authorities in taxing compensation received on account of sale of tea bushes and shade trees cannot be held to be justified- AT

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