Income from Nursery Activities of growing various types of Lawns, Flower Plants and Vegetable Plants is Agricultural Income, not Business Income: ITAT [Read Order]

Income from Nursery Activities of growing various types of Lawns - Flower Plants and Vegetable Plants is Agricultural Income - Business Income - ITAT - TAXSCAN

The Income Tax Appellate Tribunal (ITAT) Ahmedabad  bench held that income from engaging in nursery activities of growing various types of lawns, flower plants and vegetables plants is agricultural Income, Could not be levied under Business Income. Assessee, Talshibhai B Narola filed return of income for the Assessment Year 2013-14 showing total income at Rs.1,97,520/-…

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