https://www.taxtmi.com/caselaws?id=151647 Income from production of basic and hybrid seeds on owned and leased land was treated as agricultural income because the assessee carried out sowing, growing, protecting and harvesting on land under its effective cultivation control. Ownership of the land was not essential; the decisive factor was that the immediate source of the receipts was the land and the agricultural operations performed on it, including contract farming arrangements. As the income arose directly from cultivation and connected agricultural processes, it fell within section 2(1A) of the Income-tax Act, 1961 and was not taxable as business income. en-us Tue, 29 Jun 2010 00:00:00 +0530 Wed, 16 Aug 2023 17:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151647 Income from production of basic and hybrid seeds on owned and leased land was treated as agricultural income because the assessee carried out sowing, growing, protecting and harvesting on land under its effective cultivation control. Ownership of the land was not essential; the decisive factor was that the immediate source of the receipts was the land and the agricultural operations performed on it, including contract farming arrangements. As the income arose directly from cultivation and connected agricultural processes, it fell within section 2(1A) of the Income-tax Act, 1961 and was not taxable as business income. Case-Laws Income Tax Tue, 29 Jun 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151647