https://www.taxtmi.com/caselaws?id=799231 Agricultural treatment of social forestry losses depends on basic agricultural operations on land and operations integrally connected with them. Seed-route cultivation of saplings on land, including consequential pot or polybag operations, is agricultural; landless clonal propagation and post-sale supervision of farmers' trees are business activities for raw-material procurement. The agricultural-loss disallowance, including depreciation, and the corresponding Section 115JB book-profit adjustment were confined to the land-based component. Concealment penalty does not arise where the impugned addition leaves tax liability unchanged under the book-profit regime, because no tax has been sought to be avoided. en-us Wed, 02 Sep 2026 00:00:00 +0530 Fri, 18 Sep 2026 07:32:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799231 Agricultural treatment of social forestry losses depends on basic agricultural operations on land and operations integrally connected with them. Seed-route cultivation of saplings on land, including consequential pot or polybag operations, is agricultural; landless clonal propagation and post-sale supervision of farmers' trees are business activities for raw-material procurement. The agricultural-loss disallowance, including depreciation, and the corresponding Section 115JB book-profit adjustment were confined to the land-based component. Concealment penalty does not arise where the impugned addition leaves tax liability unchanged under the book-profit regime, because no tax has been sought to be avoided. Case-Laws Income Tax Wed, 02 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799231