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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