Tag Archives: Section 2(1A)

Growing of plants in nursery/Pots is an agricultural activity :HC

By | November 16, 2016

The appellate authority has relied on the decision of CIT v. Green Gold Tree Farmers (P.) Ltd.[2008] 299 ITR 262 (Uttarakhand),wherein it has been held that sale proceeds of plants raised in nursery on land belonging to the assessee constitute agriculture income. The appellate authority has also referred to the decision of a Division Bench… Read More »

Income from growing mushroom is non agricultural income

By | September 7, 2015

Q Whether the income from  growing of mushroom is Agriculture or Non Agricultural Income ? Held The shed in which mushrooms were grown by the assessee, is located within the residential area of Jagadhari which is situated within Municipal limits. Agriculture can be performed only on land and which involve basic operations like tilling of land,… Read More »