mushrooms a part of agricultural activity??
This query is : Resolved
24 September 2008
i want to know whether growing & manufacturing mushrooms is an agricultral activity or not
24 September 2008
It is.
The term ‘agriculture’ and ‘agricultural purposes’ not having been defined in the Indian Income-tax Act, one necessarily has to fall back upon the general sense in which they have been understood it in common parlance. ‘Agriculture’ in its root sense, means agar, a field, and cultura cultivation, cultivation of field which of course implies expenditure of human skill and labour upon land - CIT v. Green Gold Tree Farmers (P.) Ltd. [2007] Tax LR 609 (Uttaranchal).
The word ‘agriculture’ means the performance of operations like tilling of the land, sowing of the seeds or planting in order to raise products of some utility. The nature of the products raised on the land is immaterial. The word ‘agricultural’ means ‘of or pertaining to agriculture; connected with husbandry or tillage of the ground’ - Smt. Manyam Meenakshamma v. CWT [1967] 63 ITR 534 (AP)/Syed Rafiqur Rahman v. CWT [1970] 75 ITR 318 (Pat.).
The term ‘agriculture’ and ‘agricultural purposes’ not having been defined in the Indian Income-tax Act, one necessarily has to fall back upon the general sense in which they have been understood it in common parlance. ‘Agriculture’ in its root sense, means agar, a field, and cultura cultivation, cultivation of field which of course implies expenditure of human skill and labour upon land - CIT v. Green Gold Tree Farmers (P.) Ltd. [2007] Tax LR 609 (Uttaranchal).
The word ‘agriculture’ means the performance of operations like tilling of the land, sowing of the seeds or planting in order to raise products of some utility. The nature of the products raised on the land is immaterial. The word ‘agricultural’ means ‘of or pertaining to agriculture; connected with husbandry or tillage of the ground’ - Smt. Manyam Meenakshamma v. CWT [1967] 63 ITR 534 (AP)/Syed Rafiqur Rahman v. CWT [1970] 75 ITR 318 (Pat.).
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is any professional CA is here please reply
- Reopen of assessment proceeding
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- Putting a heading on received mail
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Gift Received from nonblood relative
- EPF FULL & FINAL RULES IN 2026
- Rental income gst and it purpose
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Reprocessing of rectification order AY 2025-26
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
