30. Determination of income from business when such income is also partially agricultural

30. Determination of income from business when such income is also partially agricultural.---

In the case of Income which is partially “ agricultural income” and partially income from “business”, in determining that part of income which is from “ business”, the market value of any agricultural produce which has been raised by the assessee or received by him in kind and which has been utilised as raw material in such business or the sale proceeds of which  are  included  in  the  accounts  of  the  business  shall  be  deducted  and  no  further deduction  shall  be  made  in  respect  of  any  expenditure  incurred  by  the  assessee  as  a cultivator or receiver of the produce in kind.

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