My concern with Kaveri Seeds is related to the Income Tax. Here is a notice they received on 30 September 2022. If the Income Tax liability is applied for previous years then the market value will be affected materially. If the income tax is applied prospectively, then the profitability takes a hit but will still be manageable. Doesn’t anyone have any insight into this aspect of the business model where currently it’s working in the income tax free space but maybe not for long?
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