{"id":8495,"date":"2019-12-17T11:47:25","date_gmt":"2019-12-17T11:47:25","guid":{"rendered":"http:\/\/itatonline.org\/digest\/dy-cit-v-genuine-seeds-p-ltd-2019-74-itr-7-sn-punetrib\/"},"modified":"2019-12-17T11:47:25","modified_gmt":"2019-12-17T11:47:25","slug":"dy-cit-v-genuine-seeds-p-ltd-2019-74-itr-7-sn-punetrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/dy-cit-v-genuine-seeds-p-ltd-2019-74-itr-7-sn-punetrib\/","title":{"rendered":"Dy.  CIT v.  Genuine Seeds P.  Ltd.  (2019) 74 ITR 7 (SN) (Pune)(Trib. )"},"content":{"rendered":"<p>The assessee produced high yielding hybrid seeds. It purchased seeds and then produced hybrid seeds in the net houses and marketed the seeds. The AO held that the activity carried on by assessee was not agricultural activity and treated the receipts as income of assessee and denied the exemption. \u00a0The CIT(A) deleted the addition. \u00a0Dismissing the appeal of the revenue the Tribunal held that growing of hybrid seeds could never be held to be non-agricultural activity. Accordingly entitle for exemption. \u00a0(AY. \u00a02012-13, 2013-14).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 10(1) : Agricultural income-Growing high yielding hybrid seeds \u2014 Agricultural activity-Entitle for exemption.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-8495","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-2d1","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/8495","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=8495"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/8495\/revisions"}],"predecessor-version":[{"id":8496,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/8495\/revisions\/8496"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=8495"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=8495"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=8495"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}