https://www.taxtmi.com/caselaws?id=346415 The Tribunal upheld the assessee's claim that income from the sale of flowering plants developed in a Tissue Culture Laboratory qualifies as agricultural income exempt under Section 10(1) of the Income Tax Act. Relying on past decisions, the Tribunal emphasized that floriculture and tissue culture operations constitute agricultural activities, dismissing the Revenue's appeal and affirming the CIT(A)'s order. The matter is pending before the Hon'ble Bombay High Court for final resolution. 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 The Tribunal upheld the assessee's claim that income from the sale of flowering plants developed in a Tissue Culture Laboratory qualifies as agricultural income exempt under Section 10(1) of the Income Tax Act. Relying on past decisions, the Tribunal emphasized that floriculture and tissue culture operations constitute agricultural activities, dismissing the Revenue's appeal and affirming the CIT(A)'s order. The matter is pending before the Hon'ble Bombay High Court for final resolution. Case-Laws Income Tax Fri, 09 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346415