https://www.taxtmi.com/caselaws?id=404934 Income derived from saplings or seedlings grown in a nursery is treated as agricultural income under the Income-tax Act. However, receipts from composite nursery contracts executed at a client's site, including site preparation, soil, fertilizer, manpower, insurance, pit making and post-planting maintenance, were found to be commercial or maintenance activity rather than agricultural operations on the assessee's land. Only the portion attributable to saplings or seedlings grown in the assessee's own nursery qualified for agricultural income treatment; the balance was not eligible for exemption. en-us Thu, 04 Mar 2021 00:00:00 +0530 Thu, 04 Aug 2022 18:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404934 Income derived from saplings or seedlings grown in a nursery is treated as agricultural income under the Income-tax Act. However, receipts from composite nursery contracts executed at a client's site, including site preparation, soil, fertilizer, manpower, insurance, pit making and post-planting maintenance, were found to be commercial or maintenance activity rather than agricultural operations on the assessee's land. Only the portion attributable to saplings or seedlings grown in the assessee's own nursery qualified for agricultural income treatment; the balance was not eligible for exemption. Case-Laws Income Tax Thu, 04 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404934