Case Law Details
Case Name : PCIT Vs British Agro Products (India) Pvt. Ltd (Madras High Court)
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Courts :
All High Courts Madras High Court
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PCIT Vs British Agro Products (India) Pvt. Ltd (Madras High Court)
The Madras High Court recently overturned the Income Tax Appellate Tribunal’s (ITAT) Chennai’s decision in favour of British Agro Products (India) Pvt. Ltd. The court ruled that income derived from the cultivation of white button mushrooms under controlled conditions does not qualify as “agricultural income” under Section 2(1A) of the Income Tax Act, 1961.
Background
British Agro Products (India) Pvt. Ltd., a Chennai-based company, was incorporated in 2017 and began cultivating white button mushrooms for commerci...
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Author Bio
mushroom cultivation are Agricultural activities , and defined as it is produced and sold like other cr ops. It is cultivated in natural condition and in Controlled condition like other vegetables. Then it comes in Agriculture sector.
The defination of Agriculture should be changed by the lawmakers. world is changing and we will not change ourselves and our laws.