Dairy business cannot be construed as agricultural activity under Section 36 of the Income Tax Act: Gujarat HC

National Dairy Development Board Vs ACIT (Gujarat High Court)

Conclusion: Gujarat High Court held that the activity of dairy business cannot be construed as agricultural activity under Section 36 of the Income Tax Act, 1961.

Facts: The assessee is a corporate body created by an Act of Parliament called National Dairy Development Act, Assessee claims the status of a company as per the definition of company under t

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