https://www.taxtmi.com/caselaws?id=8015 The court concluded that the income of the petitioner-company comprises partly agricultural income and partly business income. Rule 7 of the Income-tax Rules, 1962, applies to determine the market value of agricultural produce used as raw material. The notice issued by the Appellate Assistant Commissioner was found to be without jurisdiction and unconstitutional. The writ petition was allowed, restraining further action based on the impugned notice, and the petitioner was awarded costs. en-us Wed, 25 Mar 1970 00:00:00 +0530 Fri, 27 Mar 2009 11:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8015 The court concluded that the income of the petitioner-company comprises partly agricultural income and partly business income. Rule 7 of the Income-tax Rules, 1962, applies to determine the market value of agricultural produce used as raw material. The notice issued by the Appellate Assistant Commissioner was found to be without jurisdiction and unconstitutional. The writ petition was allowed, restraining further action based on the impugned notice, and the petitioner was awarded costs. Case-Laws Income Tax Wed, 25 Mar 1970 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8015