https://www.taxtmi.com/caselaws?id=189530 Income from nursery activity on agricultural land was treated as agricultural income exempt under section 10(1) because the plants were grown in an agricultural setting and the Tribunal followed its earlier ruling and jurisdictional High Court support. Reassessment was also upheld as valid because it was reopened within four years on the basis of an audit objection that pointed to a factual omission or error; the Tribunal applied the principle that such factual information can validly support action under section 147. The assessee succeeded on the characterisation of nursery income, but the challenge to reopening failed. en-us Fri, 29 Jan 2016 00:00:00 +0530 Wed, 11 Jan 2017 20:34:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189530 Income from nursery activity on agricultural land was treated as agricultural income exempt under section 10(1) because the plants were grown in an agricultural setting and the Tribunal followed its earlier ruling and jurisdictional High Court support. Reassessment was also upheld as valid because it was reopened within four years on the basis of an audit objection that pointed to a factual omission or error; the Tribunal applied the principle that such factual information can validly support action under section 147. The assessee succeeded on the characterisation of nursery income, but the challenge to reopening failed. Case-Laws Income Tax Fri, 29 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189530