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HomeDirect TaxNo Income Tax Payable On Income Earned From Sale Of Tissue Cultured...

No Income Tax Payable On Income Earned From Sale Of Tissue Cultured Plants: Telangana HC

Direct Tax

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By Mariya Paliwala
No Income Tax Payable On Income Earned From Sale Of Tissue Cultured Plants: Telangana HC

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The Telangana High Court has held that income earned from the sale of tissue-cultured plants qualifies as agricultural income exempt from income tax under Section 10(1) of the Income Tax Act, 1961.  The Bench of Justice P. Sam Koshy and Justice Narsing Rao Nandikonda has observed that  the statutory test is not defeated merely because…

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Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

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