https://www.taxtmi.com/caselaws?id=352789 Receipts from a seed production arrangement were treated as business receipts, not agricultural income, because the assessee did not itself carry out the basic agricultural operations on the land; supervision, input supply and fixed-rate procurement were insufficient for exemption under section 10(1). The related disallowance concerning the superannuation fund followed from that rejection. The bad debt claim also failed because the assessee did not show that the amount arose from its business or was written off in relation to business activity. The disallowances were sustained and the tax claims were rejected. en-us Mon, 18 Dec 2017 00:00:00 +0530 Fri, 17 Apr 2026 16:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352789 Receipts from a seed production arrangement were treated as business receipts, not agricultural income, because the assessee did not itself carry out the basic agricultural operations on the land; supervision, input supply and fixed-rate procurement were insufficient for exemption under section 10(1). The related disallowance concerning the superannuation fund followed from that rejection. The bad debt claim also failed because the assessee did not show that the amount arose from its business or was written off in relation to business activity. The disallowances were sustained and the tax claims were rejected. Case-Laws Income Tax Mon, 18 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352789