https://www.taxtmi.com/caselaws?id=779016 Income from production and sale of hybrid seeds was treated as agricultural income under section 2(1A) because the activity had a direct nexus with land and involved basic agricultural operations such as irrigation, fertilisation, pest control, weeding, harvesting and threshing carried out through farmers under supervision and control. The Court applied the settled distinction between basic agricultural operations and later commercial processes, and held that seed production was not merely a processing activity. The assessee accordingly obtained exemption under section 10(1). The challenge under section 14A read with rule 8D was not disturbed, and the Tribunal's order was left intact. 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 Income from production and sale of hybrid seeds was treated as agricultural income under section 2(1A) because the activity had a direct nexus with land and involved basic agricultural operations such as irrigation, fertilisation, pest control, weeding, harvesting and threshing carried out through farmers under supervision and control. The Court applied the settled distinction between basic agricultural operations and later commercial processes, and held that seed production was not merely a processing activity. The assessee accordingly obtained exemption under section 10(1). The challenge under section 14A read with rule 8D was not disturbed, and the Tribunal's order was left intact. Case-Laws Income Tax Mon, 08 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779016