Income from cultivation of sugarcane seeds treated in earlier years as agricultural income.The AO is not justified in assessing the income as business of manufacture and sale of sugar.(AY. 2015-16)
Dy. CIT v. Wahid Sandhar Sugars Ltd. (2023)104 ITR 60 (SN)(Delhi) (Trib)
S. 10(1) : Agricultural income —Business of manufacture and sale of sugar-Income from cultivation of sugarcane seeds treated in earlier years as agricultural income-Exempt from tax.