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Legal● Neutral for Indian equities
Cash deposits from farm sales: ITAT rules in favour of Karnataka farmer despite missing expense records
The brief
- ITAT ruled in favour of a Karnataka farmer over cash deposits from farm sales
- Documentary evidence of APMC yard sales outweighed missing expense records
- Import duty cut on sunflower oil has a significant Russian backdrop
- Demand estimate of fertilizer for Rabi 2026-27 may be 2 LT higher
- Major impact on kharif crops seen from monsoon deficit, uneven rainfall
- India cuts edible-oil import duties ahead of festivals
- India's urea self-reliance push draws 17 proposals worth ₹2 trillion