https://www.taxtmi.com/caselaws?id=436544 Income from cultivation and sale of white button mushrooms was treated as agricultural income exempt under section 10(1) because the activity involved both basic operations on soil and subsequent operations necessary to raise a marketable product. Cultivation in trays and a temperature-controlled facility did not change the character of the activity, and the use of plant, machinery, packaging, branding, or bank finance was not enough to convert it into a non-agricultural business. The Revenue's appeals therefore failed. en-us Wed, 05 Apr 2023 00:00:00 +0530 Sat, 15 Apr 2023 08:52:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436544 Income from cultivation and sale of white button mushrooms was treated as agricultural income exempt under section 10(1) because the activity involved both basic operations on soil and subsequent operations necessary to raise a marketable product. Cultivation in trays and a temperature-controlled facility did not change the character of the activity, and the use of plant, machinery, packaging, branding, or bank finance was not enough to convert it into a non-agricultural business. The Revenue's appeals therefore failed. Case-Laws Income Tax Wed, 05 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436544