THIRU AROORAN SUGARS LTD. versus COMMISSIONER OF INCOME-TAX
Agricultural Income Business Assessment of gross income income from business and agriculture, which is exempt from income tax. R 7 (2) (a) The value of the market of agricultural produce, which is generally sold in the market in its raw state. Means market valuation. Preparation of sugarcane grown in their own fields and the value of sugarcane grown in their own fields purchased from others R 7 (2) (a) Indian Income Tax Act, 1961, Section 10 (1) Indian Income Tax Rules , Had to be counted under. 1962, R7 (2)
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