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2017 (7) TMI 422 - AT - Income TaxAgriculture income treated as 'income from other sources' - Held that:- The assessee furnished copy of the notices issued by Assessing Officer, details of agriculture income, copy of the details of agriculture income earned on selling safed musli supported by copies of the sale bills. The sale consideration of three bills were received through cheque and sale consideration of two bills were received through cash. The amount have been deposited in the bank account of the assessee. These evidences on record in the light of the remand report submitted by the Assessing Officer and finding of the ld. CIT(Appeals) while remanding the matter to the Assessing Officer accepting the agriculture income of the assessee clearly proved that assessee earned agriculture income on account of cultivating safed musli. When Assessing Officer accepted claim of the assessee and ld. CIT(Appeals) found claim of the assessee to be prima facie correct, there should not be any reason to reject the claim of the assessee. CIT(Appeals) merely going into the details of khasra girdawari and also the report of Punjab Agriculture University that safed musli is not recommended for cultivating in region of Ludhiana, rejected claim of the assessee would not have much relevance as against the evidences brought on record, particularly when Assessing Officer and Ld. CIT(Appeals) himself have accepted the claim of the assessee of earning agriculture income on account of cultivation of safed musli. Authorities below were unjustified in taking the agriculture income as 'income from other sources'. - Decided in favour of assessee.
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