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2012 (8) TMI 511 - AT - Income TaxQuantum of addition under the head ‘income from other sources’ - assessee contested that if an amount of Rs. 4 lakhs is disallowed from the agricultural income, the same amount cannot be treated as income from other sources - Held that:- That the assessee himself has disclosed an amount of Rs. 15 lakhs as agricultural income the AO may accept or may not accept that the entire amount is agricultural income - the disallowed portion of agricultural income has always to be treated as taxable income in the hands of an assessee under an appropriate head. If no specific head of income is attributable from the facts of the case, the same should be taxed under the head ‘income from other sources’. As the quantum of addition sustained by the CIT(A) that some modification is called for as the agricultural income offered by the assessee for the subsequent assessment year was Rs. 13.5 lakhs accordingly, the addition of Rs. 4 lakhs made by the Commissioner of Income-tax(Appeals) is reduced to an addition of Rs. 2 lakhs - partly in favour of assessee.
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