Income from contract farming cannot be treated as agricultural income

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

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