https://www.taxtmi.com/caselaws?id=264126 Income derived from production and sale of nursery and tissue-culture plants was treated as agricultural income because the Tribunal found that basic agricultural operations, including rearing mother plants on land and related sowing activity, had been carried out. It applied the settled distinction between basic operations and later cultivation in controlled conditions, and accepted that greenhouse or pot-based nurturing did not by itself exclude agricultural character. The later insertion of Explanation 3 to the definition of agricultural income was also noted as supportive of nursery saplings and seedlings. The sale proceeds were therefore exempt as agricultural income, and the Revenue's appeals failed. en-us Fri, 28 Aug 2015 00:00:00 +0530 Fri, 18 Sep 2015 08:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264126 Income derived from production and sale of nursery and tissue-culture plants was treated as agricultural income because the Tribunal found that basic agricultural operations, including rearing mother plants on land and related sowing activity, had been carried out. It applied the settled distinction between basic operations and later cultivation in controlled conditions, and accepted that greenhouse or pot-based nurturing did not by itself exclude agricultural character. The later insertion of Explanation 3 to the definition of agricultural income was also noted as supportive of nursery saplings and seedlings. The sale proceeds were therefore exempt as agricultural income, and the Revenue's appeals failed. Case-Laws Income Tax Fri, 28 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264126