Thursday, September 6, 2018

Mere supervision of agricultural land without carrying out cultivation won't give rise to agricultural income

IT : Where assessee entered into lease and service agreement with farmers for cultivation of seeds on their own land, since farmers had to ensure watering, fertility and suitability of land, mere supervision by assessee without carrying out basic operation for cultivation of land would give rise to business income in hands of assessee and not agricultural income

from www.taxmann.com Latest Case Laws https://ift.tt/2wQKsG0

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