https://www.taxtmi.com/caselaws?id=207241 The High Court held that income from manufacturing and selling seeds, trading in imported seeds, and contract farming did not qualify as agricultural income exempt under Section 10(1) of the Income-tax Act. The Court upheld the Commissioner's exercise of revisional jurisdiction under Section 263, finding the Assessing Officer's order erroneous and prejudicial to Revenue. The Court emphasized the need for proper inquiry and consideration of facts before classifying income as agricultural. en-us Mon, 24 Oct 2011 00:00:00 +0530 Wed, 07 Dec 2011 12:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207241 The High Court held that income from manufacturing and selling seeds, trading in imported seeds, and contract farming did not qualify as agricultural income exempt under Section 10(1) of the Income-tax Act. The Court upheld the Commissioner's exercise of revisional jurisdiction under Section 263, finding the Assessing Officer's order erroneous and prejudicial to Revenue. The Court emphasized the need for proper inquiry and consideration of facts before classifying income as agricultural. Case-Laws Income Tax Mon, 24 Oct 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207241