https://www.taxtmi.com/caselaws?id=176280 Rule of consistency did not bind the Revenue because earlier years had only been processed under section 143(1) without a conscious adjudication on the agricultural character of the income. Nursery income from plants raised through integrated cultivation activities, including soil preparation, sowing, propagation, grafting, watering and manuring, was treated as agricultural income under section 2(1A) and exempt under section 10. However, profit from plants purchased for resale, where no basic agricultural operations were carried out, was held to remain taxable and outside the exemption. en-us Thu, 18 Sep 2003 00:00:00 +0530 Mon, 08 Jul 2024 12:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176280 Rule of consistency did not bind the Revenue because earlier years had only been processed under section 143(1) without a conscious adjudication on the agricultural character of the income. Nursery income from plants raised through integrated cultivation activities, including soil preparation, sowing, propagation, grafting, watering and manuring, was treated as agricultural income under section 2(1A) and exempt under section 10. However, profit from plants purchased for resale, where no basic agricultural operations were carried out, was held to remain taxable and outside the exemption. Case-Laws Income Tax Thu, 18 Sep 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176280