agricultural activity

  • Income Tax

No presumption that if assessee owns agril land, agricultural income arises automatically

No presumption that if assessee owns some agricultural land, agricultural income arises automatically – Supreme Court dismisses SLP An income…

4 months ago
  • Income Tax

Sale of Agricultural land converted into commercial non taxable if operations continued

Sale of Agricultural land converted into commercial land held non taxable as agricultural operations were continued – SC dismisses SLP…

1 year ago
  • Income Tax

Onus is on assessee to substantiate agricultural income, Exemption to be strictly construed – ITAT

Onus is on assessee to substantiate agricultural income and exemption provisions are to be strictly construed - ITAT ABCAUS Neutral…

1 year ago
  • Income Tax

In absence of accounts / certificate of agriculture activity, mere affidavit rejected

In absence of accounts/certificate of agriculture activity claimed to have been carried out, mere affidavit not sufficient to discharge the…

4 years ago