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Income Tax - Highlights / Catch Notes

Home Highlights February 2019 Year 2019 This

Revision u/s 263 - agricultural activity - Seeds cannot be ...


Court Rules Seed Sales Must Involve Agricultural Activities u/s 263; Revision Set Aside.

February 1, 2019

Case Laws     Income Tax     AT

Revision u/s 263 - agricultural activity - Seeds cannot be produced without basic agricultural activities. The assessee has sold the seeds and must have carried out the agricultural activities in order to produce the seeds - revision order set aside.

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