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Income from contract farming cannot be treated as agricultural income
Case Law Details
- Case Name
- Namdhari Seeds Pvt. Ltd. Vs DCIT (ITAT Bangalore)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2011-12 & 2012-13
- Courts
- All ITAT, ITAT Bangalore
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Namdhari Seeds Pvt. Ltd. Vs DCIT (ITAT Bangalore)
The assessee is in the business of cultivation, production and marketing of hybrid seeds. It earns revenue from following 3 kinds of activities:
i. Growing, processing and sale of seeds from owned lands and leased lands;
ii. Growing, processing and sale of seeds from contract farming and
iii. Purchase and sale of imported seeds purchased from the market.
At the outset, the Ld.AR submitted that, identical issue has been dealt by coordinate bench of this Tribunal for assessment year 2000-01. She submitted that except for the quantum of disallowan...
