https://www.taxtmi.com/caselaws?id=5758 The Supreme Court upheld the High Court's decision that income from selling silk worm cocoons does not qualify as agricultural income under the Income-tax Act, 1961. The Court emphasized that for income to be considered agricultural, it must be derived from a process typically employed by cultivators to make their produce marketable, with the produce sold being the same as what was cultivated and processed. Since mulberry leaves, not silk worms or cocoons, were the cultivator's produce, income from cocoons could not be classified as agricultural income. en-us Wed, 04 Feb 1998 00:00:00 +0530 Mon, 27 Jun 2016 14:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5758 The Supreme Court upheld the High Court's decision that income from selling silk worm cocoons does not qualify as agricultural income under the Income-tax Act, 1961. The Court emphasized that for income to be considered agricultural, it must be derived from a process typically employed by cultivators to make their produce marketable, with the produce sold being the same as what was cultivated and processed. Since mulberry leaves, not silk worms or cocoons, were the cultivator's produce, income from cocoons could not be classified as agricultural income. Case-Laws Income Tax Wed, 04 Feb 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5758