Exemption u/s 10(27) - dairy farming

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....ome - Tax Act, 1961 Reference is invited to the Board's circular letter F.No. 4/3/68-IT(AI) dated the 6th March, 1968, on the above. 2. The Board's view as communicated in the above letter was that ....

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....d dairy farming within the meaning of S.10(27). 3. Whereas the mere buying and selling of milk will not constitute dairy farming , the Board is advised that so long as the principal business is the p....