The Hyderabad bench of the Income Tax Appellate Tribunal (ITAT) in Dy IT v. M/s. Inventaa Industries Private Limited held that the income from production and sale of Mushroom can be termed as ‘agricultural income’

The New Delhi Bench of Income Tax Appellate Tribunal recently held that cultivation of high quality foundation seeds of peas, wheat, paddy and potato constitutes “agricultural activity”. Malook Singh, the assessee’s net agricultural income was

In a major relief to the Adithya Builders and Developers, the Banglore Bench of Customs, Excise and Service Tax Appellate Tribunal (CESTAT) held that Service Tax Levy depends on services rendered, not on basis of

Under the newly proposed Union Budget 2023 the Union Ministry has proposed Penalty for cash loan/transactions against primary co-operatives It is proposed to  amend section 269SS of the Act to provide that where a deposit

The Directorate of Enforcement (ED) has provisionally attached immovable properties, in Covid-19 Fund Misappropriation Case belonging to Hemkunt Foundation in District Khandwa, Madhya Pradesh, worth Rs. 5.37 Crore under the provisions of Prevention of Money

The Director-General of Foreign Trade (DGFT) notified the extension of the time limit for filing claims under the Transport and Marketing Assistance (TMA) Scheme for specified agricultural products. The DGFT empowered under paragraph 2.04 of

National Seeds Corporation Limited under the administrative control of Ministry of Agricultural & Farmers Welfare, Department of Agriculture Corporation & Farmers Welfare is an apex body engaged in production and distribution of quality seeds are

The ITAT bench comprising Pramod Kumar (AM) and S. S. Godara (JM) recently confirmed that the sale consideration on agricultural land after its conversion to non-agricultural Land constitutes business income and therefore, section 50C of

Telangana Appellate Authority for Advance Ruling (AAAR) recently upheld the decision Of Authority of Advance Ruling  held that No GST exemption available to  Grains does not qualify to be seed. The appellant Narsimha Reddy &

The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) has upheld an addition made against an agriculturalist for the reason that the land was non-agricultural during the time of sale. The assessee

The Andhra Pradesh Authority for Advance Ruling ( AAR ) has mandated an 18% Goods and Services Tax ( GST ) on processed pulses resulting from the dehusking and splitting of grains. This ruling distinguishes

The Department for Promotion of Industry & Internal Trade, Ministry of Commerce & Industry, is currently hosting the largest Geographical Indication (GI) Pavilion at the India International Trade Fair at ITPO, Pragati Maidan, till 27th

The Income Tax Department has updated the income tax portal with the latest excel based utility and JSON Schema for e-filing of Income Tax Returns for the FY 2022-2023 or AY 2023-2024. These are the

In a bid to bolster the export of agricultural products to the Gulf Cooperation Countries (GCCs), the Agricultural and Processed Food Products Export Development Authority (APEDA), a part of the Ministry of Commerce within the

The Telangana State Authority for Advance Ruling (AAR) has ruled that seed is not an agricultural produce, GST is applicable on its storage and packaging services. The applicant, M/S M. Narasimha Reddy & Sons is