https://www.taxtmi.com/caselaws?id=64951 Income derived from resin collected from forest lands is treated as agricultural income where the land and trees are shown to have undergone basic and subsequent agricultural operations, including extraction, maintenance, and nurturing. On those facts, the receipt is not characterised merely as business proceeds, and the statutory definition of agricultural income in section 2(1A) applies on the settled principle that income from land under agricultural operations retains that character. The discussion of section 11(4A) does not change the result where the primary nature of the receipt is agricultural. Accordingly, resin income is not taxable as business income in the assessee's hands. en-us Thu, 03 Jan 1991 00:00:00 +0530 Sun, 08 May 2011 14:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64951 Income derived from resin collected from forest lands is treated as agricultural income where the land and trees are shown to have undergone basic and subsequent agricultural operations, including extraction, maintenance, and nurturing. On those facts, the receipt is not characterised merely as business proceeds, and the statutory definition of agricultural income in section 2(1A) applies on the settled principle that income from land under agricultural operations retains that character. The discussion of section 11(4A) does not change the result where the primary nature of the receipt is agricultural. Accordingly, resin income is not taxable as business income in the assessee's hands. Case-Laws Income Tax Thu, 03 Jan 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64951