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2019 (12) TMI 662 - AT - Income TaxUndisclosed income introduced in the form of agricultural income - HELD THAT:- Issue involved in the assessee’s appeal is identical as in the case of sister concern in case of M/s. Gullu Mal Gulachi Developers Pvt. Ltd. vs. ITO [2019 (12) TMI 628 - ITAT JAIPUR] CIT (A) has taken a reasonable percentage of 15% expenditure of the gross agricultural income and that too the agricultural income from agricultural operations excluding the income from sale of trees. Hence, in the facts and circumstances of the case as well as the prevailing conditions in the agricultural sector, the claim of the assessee cannot be accepted. CIT (A) has taken a reasonable view in estimating the expenditure at 15% - No error or illegality in the order of the ld. CIT (A) in estimating the expenditure @ 15% of the gross agricultural income.
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