https://www.taxtmi.com/caselaws?id=430419 Receipts from the sale of tea bushes and shade trees planted and maintained as part of tea cultivation on agricultural land were held to arise from agricultural activity. The land had already been treated as agricultural land, and the planting, growth and nurturing of the bushes and trees formed part of the agricultural process. The resulting income therefore fell within the agricultural income exemption under the Income-tax Act and could not be taxed as business income. The addition treating the receipts as taxable business income was deleted in favour of the assessee. en-us Thu, 10 Nov 2022 00:00:00 +0530 Mon, 21 Nov 2022 18:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430419 Receipts from the sale of tea bushes and shade trees planted and maintained as part of tea cultivation on agricultural land were held to arise from agricultural activity. The land had already been treated as agricultural land, and the planting, growth and nurturing of the bushes and trees formed part of the agricultural process. The resulting income therefore fell within the agricultural income exemption under the Income-tax Act and could not be taxed as business income. The addition treating the receipts as taxable business income was deleted in favour of the assessee. Case-Laws Income Tax Thu, 10 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430419