Exemption u/s 10 (1) - agriculture income - contract farming - ...

Case Laws Income Tax

December 6, 2022

Exemption u/s 10 (1) - agriculture income - contract farming - Merely because the assessee took the land on lease for conducting their research operations to produce the foundation seeds of the hybrid varieties, such a lease cannot ipso facto make the operations of the assessee as contract farming. Contract farming in the context of this case would be that if the assessee outsources the agricultural operations which they are doing for themselves now, to some other third party. - AT

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Exemption u/s 10 (1) - agriculture income - contract farming - ...

Case Laws Income Tax

December 6, 2022

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