Statutory violation do not change nature of agricultural income

IN THE ITAT HYDERABAD BENCH ‘B’ Assistant Director of Income-tax (Exemption) II, Hyderabad v. A.P. Forest Development Corporation IT Appeal No. 875(Hyd.) of 2011 [Assessment Year 2005-06] MAY 4, 2012 ORDER Smt. Asha Vijayaraghavan, Judicial Member This appeal filed by the Revenue is directed against the order of the CIT(A)-IV, Hyderabad dated 28.2.2011 for the assessment year 2005-06. 2. The only grievance of the Revenue in this appeal is against the relief granted by the CIT(A), by accepting the claim of the assessee for ex-emption of its income under S.11 of the...