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2015 (1) TMI 1468 - SC - Income TaxAgricultural income - denial of exemption - conversion of foundation seeds into certified seeds - assessee supplying foundation seeds to farmers owning land, who under directions issued by company cultivate such seeds and get compensation for it - HC held that conversion of foundation seeds to certified seeds as manufacturing activity, assessee would not get benefit of total exemption u/s 10(1) of the Act. - Decided against the Assessee by holding as business income - HELD THAT:- Delay condoned. Leave granted in all the SLPs.
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