Tag: agricultural income

Agriculture income cannot be worked out on the basis of sale bills, purchases of pesticides etc., but on the basis of landholding, crops grown and expected yield – ITAT In a recent judgment, ITAT Chandigarh has held that the agriculture income cannot be worked out on the basis …

There is no statutory requirement for an agriculturist to maintain books of accounts – ITAT In a recent judgment, the ITAT Allahabad has held that there is no statutory requirement for an agriculturist to maintain books of accounts and the insistence on documentary evidences of the nature required …

When entire agricultural produce was fully vouched and sold through Krishi Upaj Mandi, the sale is beyond doubt – ITAT In a recent judgment, ITAT Jaipur has held that when entire agricultural produce was fully vouched and sold through Krishi Upaj Mandi, the sale is beyond doubt. ABCAUS …

Cultivation of banana saplings held as agricultural activity after Plantlets left laboratory – ITAT In a recent judgment, the ITAT Hyderabad dealt with the question whether cultivation of banana saplings is an agricultural activity or not and held that income derived from the operations conducted after the Plantlets …

ITAT set aside order as in Form No.35 assessee had clearly indicated his choice that no notice/communication should be sent on email  In a recent judgment, ITAT Ahmedabad set aside appeal order as assessee in Form No. 35 had clearly indicated his choice that no notice/communication should be …

Disallowance of agricultural expenses would result in agricultural income only. Agricultural expenses disallowed for want of proof can not be treated as income – ITAT In a recent judgment, ITAT Bangalore has held that disallowance of agricultural expenses would result in agricultural income only. Agricultural expenses disallowed for …

Merely increasing agriculture expenditure & reducing agriculture income will not result in income from other sources – ITAT In a recent judgment, ITAT Bengaluru has held that increasing or decreasing of any agriculture expenditure is irrelevant if income of the assessee is solely agriculture in nature & merely …

Agricultural income can not be doubted merely for not paying agricultural cess to Krishi Upaj Mandi – ITAT In a recent judgment, the ITAT Jodhpur has held that the agricultural income can not be disbelieved merely for not paying agricultural cess to Krishi Upaj Mandi ABCAUS Case Law …

Addition for unexplained agricultural expenditure u/s 69C deleted. Agricultural expenses depend on so many factors which were ignored by Assessing Officer (AO) – ITAT In a recent judgment, ITAT has deleted the addition made u/s 69C towards unexplained agricultural expenditure holding that expenses on agriculture depend on many …

Creditworthiness proved when agricultural income not accepted by the Department in toto but the portion not accepted treated income from other sources In a recent judgment, ITAT has held that when agricultural income returned by partners was accepted albeit under different head of income, there can be no …