https://www.taxtmi.com/caselaws?id=346415 Income derived from the sale of flowering plants produced through tissue culture and floriculture operations was treated as agricultural income eligible for exemption under section 10(1) of the Income-tax Act, 1961. The Tribunal followed earlier decisions in the assessee's own case, holding that nursery and greenhouse activities, including development from mother plants and subsequent nurturing, constituted agricultural operations. It also relied on the statutory deeming provision for saplings or seedlings grown in a nursery as agricultural income. In the absence of any distinguishing facts or contrary higher-court ruling, the rule of consistency was applied and the Revenue's challenge failed. en-us Fri, 09 Jun 2017 00:00:00 +0530 Fri, 11 Aug 2017 10:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346415 Income derived from the sale of flowering plants produced through tissue culture and floriculture operations was treated as agricultural income eligible for exemption under section 10(1) of the Income-tax Act, 1961. The Tribunal followed earlier decisions in the assessee's own case, holding that nursery and greenhouse activities, including development from mother plants and subsequent nurturing, constituted agricultural operations. It also relied on the statutory deeming provision for saplings or seedlings grown in a nursery as agricultural income. In the absence of any distinguishing facts or contrary higher-court ruling, the rule of consistency was applied and the Revenue's challenge failed. Case-Laws Income Tax Fri, 09 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346415