https://www.taxtmi.com/caselaws?id=755433 The ITAT Bangalore held that income derived from saplings or seedlings grown in a nursery constitutes agricultural income under section 2(1A) explanation 3 and cannot be taxed as income from other sources. The assessee provided ownership details, sale registers, and bank statements for the period 2015-17. However, due to incomplete documentation in the sales register lacking full details of transactions worth Rs. 1,73,50,000, the matter was remanded to the AO for further examination. The appeal was partly allowed for statistical purposes. en-us Tue, 09 Jul 2024 00:00:00 +0530 Fri, 12 Jul 2024 08:37:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=755433 The ITAT Bangalore held that income derived from saplings or seedlings grown in a nursery constitutes agricultural income under section 2(1A) explanation 3 and cannot be taxed as income from other sources. The assessee provided ownership details, sale registers, and bank statements for the period 2015-17. However, due to incomplete documentation in the sales register lacking full details of transactions worth Rs. 1,73,50,000, the matter was remanded to the AO for further examination. The appeal was partly allowed for statistical purposes. Case-Laws Income Tax Tue, 09 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=755433