Agriculture income
Querist : Anonymous
Whether the act of fishery is comes within the definition of agriculture income?
Please advise me.
Querist : Anonymous
Link : https://indiankanoon.org/doc/1661034/
2. During the previous year relevant to the year under consideration, the assesses earned income from prawn culture, and the same was claimed as agricultural income and therefore, exempt from tax. The Assessing Officer as well as the learned CIT(A) rejected the contention of the assessee, and thus, the assesses is in appeal Before the Tribunal. "The word 'agriculture' even in Its widest import, has received some sort; of definite and restricted meaning, and I find It difficult to bring fishery under the heading 'agriculture' even in its widest sense as ordinarily understood." 7. In the result assesses's appeal is dismissed.
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