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2013 (10) TMI 698 - ITAT COCHINWhether the income declared is agricultural income – Reduced the agricultural income out of declared income - Land having an extent of 1.30 acres, though acquired in April, 2007, yet he was in possession of the same even prior to March, 2007 - Rubber estate was located in a fertile area at Perunad village of Pathanamthitta district and accordingly, contended that the income estimated by the Assessing Officer is very much on the lower side – Held that:- Assessee has failed to furnish any evidence in support of the claim of availability of agricultural income to the extent declared by him - Assessee has not furnished any evidence before the tax authorities to substantiate the claim of agricultural income declared by him. The assessee has also not furnished any evidence to show that the land purchased on 12-04-2007 was in fact in his possession prior to March, 2007 – Decided against the Assessee. Disallowance of 1/5th of depreciation claimed on vehicles towards personal use – Held that:- Assessee had claimed depreciation on four motor cars, viz., Corolla, Gypsy, Bolero and Scorpio – A.O. estimated the personal use at 1/5th and accordingly disallowed the 1/5th of the depreciation amount claimed on these vehicles - Assessee did not file any material to substantiate his contention that these vehicles were exclusively used for business purposes only – Decided against the Assessee.
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