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2008 (5) TMI 280 - PUNJAB AND HARYANA HIGH COURTAgriculture Income Income from other sources estimate bonafide held that - the approach adopted by the Assessing Officer, by not relying upon the material produced by the assessee in support of the estimation of income is wrong, because there is no finding that the material sought to be relied upon by the assessee was lacking in credibility. The certificate of average income per acre of land issued by the Village Patwari indicates the income level of Rs.36,000/- per acre which cannot be ignored. Moreover, the assessee had submitted the J-forms evidencing the sale of agricultural produce. No doubt, there is always an element of subjectivity in estimation. However, if it can be made out that the estimate is without any basis or is totally lacking the bona fides and only then the Assessing Officer would be justified in substituting his estimate in place of the estimation of agricultural income done by the assessee. There is no such situation in this case addition can not be made.
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