On appeal, the High Court held that income from the sale of button mushrooms from a factory under controlled conditions would not come within the purview of the definition of “agricultural income” within the meaning of section 2(1A) for section 10(1) of the Act. Notice was issued in the SLP filed by the assessee against the order of the High Court. (AY. 2017-18, 2018-19)
British Agro Products (India) (P.) Ltd. v. PCIT (2025) 307 Taxman 1 (SC) Editorial : Notice issued in SLP filed by the assessee, PCIT v. British Agro Products (India) (P.) Ltd (2025) 175 taxmann.com 618 (Mad)(HC)
S. 2(1A) : Agricultural income-Cultivation and sale of white button mushrooms-High court held that the assessee is not entitled to exemption-Notice was to be issued in SLP filed by assessee against the order of High Court. [S. 10(1)]
Leave a Reply