This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Eucalyptus Tree Sale Income is Exempt: ITAT Confirms Revenue from Agricultural Land is Tax-Free
Case Law Details
- Case Name
- Razak Rowther Mohamed Saleem Vs ITO (ITAT Chennai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2016-17
- Courts
- All ITAT, ITAT Chennai
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Advertisement
Razak Rowther Mohamed Saleem Vs ITO (ITAT Chennai)
Eucalyptus Trees Grown on Own Agricultural Land = Agricultural Income – Tribunal Deletes Entire Addition
Assessee filed return declaring total income of ₹7,65,160 & agricultural income of ₹85,84,619. The return was processed u/s 143(1) & later selected for limited scrutiny to verify sales receipts, claim of agricultural income & capital gains. AO accepted that the Assessee owned agricultural land (patta, chitta & land records were produced) & that eucalyptus (Kungiliyam) and wattle (Seegai) trees were...
Author Info
