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What is Agricultural Income Definition Clarified about?

The document discusses whether income derived from forest land with spontaneously grown trees constitutes agricultural income exempt from taxation. The Supreme Court held that [1] for income to be considered agricultural, basic operations like cultivation must be performed, [2] subsequent operations alone are not enough if basic operations were not performed, and [3] income from naturally grown forest products with no human involvement is not agricultural income. Therefore, income from the assessee

Author

AvaniJain

Language

EN