https://www.taxtmi.com/caselaws?id=779016 High Court held that income from production and sale of hybrid seeds qualified as agricultural income under s.10(1) because the company, though not directly tilling land, controlled, supervised and financed cultivation through contracts with farmers and directed agricultural operations and hybridization processes. The HC agreed with the Tribunal's characterization of the receipts as agricultural, concluding the activity was indirect agriculture, and allowed the assessee's appeal granting exemption. en-us Mon, 08 Sep 2025 00:00:00 +0530 Fri, 26 Sep 2025 08:26:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779016 High Court held that income from production and sale of hybrid seeds qualified as agricultural income under s.10(1) because the company, though not directly tilling land, controlled, supervised and financed cultivation through contracts with farmers and directed agricultural operations and hybridization processes. The HC agreed with the Tribunal's characterization of the receipts as agricultural, concluding the activity was indirect agriculture, and allowed the assessee's appeal granting exemption. Case-Laws Income Tax Mon, 08 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779016