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2021 (1) TMI 237 - AT - Income TaxUndisclosed income - Assessee failed to produce details of total sale proceeds of the agricultural produce sold and also failed to produce details of expenditure incurred on the agricultural activities - According to the assessee, the assessee has earned about ₹ 32,36,200/- from agricultural income instead of ₹ 52,36,200/- which was wrongly mentioned, due to typographical mistake - HELD THAT:- Gross receipt in the year in dispute is ₹ 29,25,000/- and not ₹ 54,36,200/- as claimed by the assessee. CIT(A) has rightly corrected the mistake, but keeping in view of the evidences filed by the assessee and the statement of the Sarpanch of the village alongwith Certificate given by him i.e. Sarpanch and in view of the huge ownership of land by the assessee for which the assessee has produced all the documentary evidences as mentioned in the impugned order, Assessing Officer as well as Ld. CIT(A) made and confirmed the addition in dispute only on estimate basis and disallowed the same on the basis of the documentary evidences rejecting the claim of the assessee which is on the basis of the evidences of the revenue authorities. Hence,addition in dispute has wrongly been made for this year by the revenue authorities without any basis and the same is not sustainable in the eyes of law and is hereby deleted in the interest of justice, by accepting the appeal of the assessee.
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