https://www.taxtmi.com/circulars?id=9976 Exemption for dairy farming applies where the principal business is milk production; ownership of cattle is not required if the assessee carries out production activities such as growing suitable fodder and providing cowsheds and veterinary services. Mere buying and selling of milk does not constitute dairy farming and is excluded from the exemption. en-us Thu, 11 Jan 1973 00:00:00 +0530 Mon, 13 Jun 2011 12:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=9976 Exemption for dairy farming applies where the principal business is milk production; ownership of cattle is not required if the assessee carries out production activities such as growing suitable fodder and providing cowsheds and veterinary services. Mere buying and selling of milk does not constitute dairy farming and is excluded from the exemption. Circulars Income Tax Thu, 11 Jan 1973 00:00:00 +0530 https://www.taxtmi.com/circulars?id=9976