Income from sale of ‘Jaggery’ converted from own grown sugarcane cannot be treated as agricultural income: HC

INCOME TAX : Where assessee harvested sugarcane on his land and converted it into jaggery for sale in market, since such conversion of sugarcane into jaggery was not essential to make sugarcane marketable and there was more profit in making it as jaggery and selling, profit from sale of jaggery would not be considered as agricultural incomeINCOME TAX : Where assessee harvested sugarcane on his land and converted it into jaggery for sale in market, since such conversion of sugarcane into jaggery was not essential to make sugarcane marketable and there was more profit in making it as jaggery and selling, profit from sale of jaggery would not be considered as agricultural incomewww.taxmann.com Latest Case LawsRead More

Leave a Reply