The Hyderabad bench of the Income Tax Appellate Tribunal (ITAT) recently ruled that the production of foundation seeds qualifies as agricultural activity, making it eligible for tax exemption under Section 10(1) of the Income Tax Act, 1961. The assessee Pravardhan Seeds is a business engaged in producing hybrid seeds and open-pollinated seed varieties of various…
Taxscan Premium
Why should you subscribe?
- Enjoy our website without interruptions from advertisements
- Receive Daily newsletters
- Receive realtime Telegram/Whatsapp news updates
- Download original Judgements / Order / Notifications / Circulars, etc
- Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
₹2299 + GST for 1 year
Subscribe Now
Already Subscribed?
Login Now
