Mushrooms are fungus and Income from production & sale of Mushrooms is ‘agricultural income’

DCIT  Vs. Inventaa Industries Private Limited (ITAT Hyderabad Special Bench)

Mushrooms are fungus which are produced from spawn and not plants or crops and hence not agriculture. They are grown in trays of prepared soil in climate controlled rooms for commercial.

We cannot restrict the word “product” to ‘plants’, ‘fruits’, ‘vegetables’ or such botanical life only. The only condition is that the “product” in question should be raised on the land by performi

Please become a Premium member. If you are already a Premium member, login here to access the full content.