Cultivation of mushroom falls within purview of agriculture: ITAT Nagpur

Advertisement DCIT Vs Sonu Monu Agro Pvt. Ltd. (ITAT Nagpur) ITAT Nagpur held that cultivation of mushroom falls within the purview of agriculture and hence income from sale of mushroom is agricultural income which is eligible for exemption under section 10(1) of the Income Tax Act. Facts- During the year under consideration, the assessee–company was engaged in various activities namely Dall Mill, Cold Storage / Warehousing and Mushroom cultivation activity and produced Button Mushrooms meant for human consumption i.e., edible mushrooms. The case was selected for complete scrutiny under C...