27 November 2008
SWATI............ NURSERY INCOME WILL BE TREATED AS AGRICULTURE INCOME BECAUSE IN A FAMOUS CASE LAW OF "Soundarya Nursery 241 ITR 530 (mad.)" MADRAS HIGHCOURT HELD THAT THE INCOME FROM SALE OF PLANTS AND SEEDINGS GROWN IN POTS IS AN AGRICULTURAL INCOME. NOW WHICH KIND OF EXPLANATION YOU WANT?
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