Is assesee business is growing flower and sale in market its totally agricultural can he file 4S ..????
or any other form
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Agricultural
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"...........business is growing flower............"
Please clarify its growing or is business, as both acts are not symmetrical !!
flower is growing in farm and cut and selling in market
I understand your conflict of accepting greenhouse farming business as agricultural income, and thats the reason I had to counter question it.
As per your above statement, when farming (including Floriculture, horticulture. etc.) is done in farm (LAND), its definately agricultural income as per section 2(1A) of IT act.
But even when its done in pots, beds etc,,popularly known as NURSERY, its assessed as agricultural income.
H.H. Maharaja Vibhuti Narain Singh Vs. State of Uttar Pradesh (Allahabad High Court) [1967] 65 ITR 364 (ALL.)
thanku sir
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