Income from Sale of Cocoons Taxable as “Other Income”: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Bangalore has held that the income received from the sale of cocoons is not agricultural income and therefore, the same is taxable as “Income from Other Sources” under the income tax law. The assessee, a HUF, is engaged in agricultural operations. While completing assessment proceedings against the assessee, the […]

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