https://www.taxtmi.com/caselaws?id=437146 Production of hybrid seeds through farmers' fields was treated as agricultural activity because it involved sowing, weeding, irrigation, inter-cultivation and other basic agricultural operations. Commercial sale of the seeds did not change the character of the underlying activity, and the jurisdictional precedent recognising seed production as agricultural was followed. On that basis, exemption under section 10(1) of the Income-tax Act was considered allowable, and the Revenue's attempt to classify the activity as purely commercial was rejected. en-us Wed, 26 Apr 2023 00:00:00 +0530 Fri, 28 Apr 2023 08:41:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437146 Production of hybrid seeds through farmers' fields was treated as agricultural activity because it involved sowing, weeding, irrigation, inter-cultivation and other basic agricultural operations. Commercial sale of the seeds did not change the character of the underlying activity, and the jurisdictional precedent recognising seed production as agricultural was followed. On that basis, exemption under section 10(1) of the Income-tax Act was considered allowable, and the Revenue's attempt to classify the activity as purely commercial was rejected. Case-Laws Income Tax Wed, 26 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437146