https://www.taxtmi.com/caselaws?id=165707 The Kerala High Court ruled in favor of the assessee, interpreting the sale of latex converted into sole crepe as agricultural income under the Indian Income-tax Act, 1922. The Court emphasized that the process must retain the original character of the produce unless there is no market for selling it in that condition. It upheld the Tribunal's decision, noting the importance of the process in making the produce marketable. The judgment highlighted the complexities of determining agricultural income in cases involving specific processes and cautioned against setting a precedent due to limited investigation. en-us Tue, 18 Aug 1964 00:00:00 +0530 Thu, 07 Aug 2014 17:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=165707 The Kerala High Court ruled in favor of the assessee, interpreting the sale of latex converted into sole crepe as agricultural income under the Indian Income-tax Act, 1922. The Court emphasized that the process must retain the original character of the produce unless there is no market for selling it in that condition. It upheld the Tribunal's decision, noting the importance of the process in making the produce marketable. The judgment highlighted the complexities of determining agricultural income in cases involving specific processes and cautioned against setting a precedent due to limited investigation. Case-Laws Income Tax Tue, 18 Aug 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=165707