2011 (2) TMI 531 - HC - Income Tax

Agriculture income - Processing of raw peas into pea seeds - The revenue very fairly conceded that the issue raised herein stands concluded in the case of the assessee itself in Commissioner of Income Tax-I Chandigarh v. Rana Gurjit Singh (2011 -TMI - 204864 - PUNJAB AND HARYANA HIGH COURT) wherein it has been held that the income so derived by the assessee was agricultural income - Following the aforesaid decision the substantial question of law is answered against the revenue and in favour of the assessee - Accordingly the appeal is dismissed.

Summary

The Punjab and Haryana High Court dismissed an appeal regarding the processing of raw peas into pea seeds for income tax purposes. The court found that the income derived from this process was agricultural income, based on a previous decision. The appeal was dismissed accordingly.