https://www.taxtmi.com/highlights?id=83064 Income derived from cultivation and sale of white button mushrooms was characterized as agricultural income exempt u/s 10(1) of the Income Tax Act, following the precedent set by the Inventaa Industries (P.) Ltd. case [2018 (8) TMI 69 - ITAT HYDERABAD] with identical facts. The Appellate Tribunal allowed the assessee's claim, treating the cultivation and sale of white button mushrooms as an agricultural activity, resulting in the income being exempt from taxation u/s 10(1). en-us Wed, 13 Nov 2024 08:53:37 +0530 Wed, 13 Nov 2024 08:53:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=83064 Income derived from cultivation and sale of white button mushrooms was characterized as agricultural income exempt u/s 10(1) of the Income Tax Act, following the precedent set by the Inventaa Industries (P.) Ltd. case [2018 (8) TMI 69 - ITAT HYDERABAD] with identical facts. The Appellate Tribunal allowed the assessee's claim, treating the cultivation and sale of white button mushrooms as an agricultural activity, resulting in the income being exempt from taxation u/s 10(1). Highlights Income Tax Wed, 13 Nov 2024 08:53:37 +0530 https://www.taxtmi.com/highlights?id=83064