https://www.taxtmi.com/caselaws?id=253584 The court held that income from nursery activities qualifies as agricultural income under the Income Tax Act, exempt under section 10(1). The court emphasized the importance of basic agricultural operations for an activity to be considered agricultural, referencing precedents. The court distinguished cases where income was not considered agricultural due to lack of basic operations. Ultimately, the court ruled in favor of the assessee, stating that income from nursery activities involving basic agricultural operations is exempt as agricultural income under the Act. en-us Tue, 11 Nov 2014 00:00:00 +0530 Fri, 17 Apr 2026 16:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253584 The court held that income from nursery activities qualifies as agricultural income under the Income Tax Act, exempt under section 10(1). The court emphasized the importance of basic agricultural operations for an activity to be considered agricultural, referencing precedents. The court distinguished cases where income was not considered agricultural due to lack of basic operations. Ultimately, the court ruled in favor of the assessee, stating that income from nursery activities involving basic agricultural operations is exempt as agricultural income under the Act. Case-Laws Income Tax Tue, 11 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253584