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2022 (9) TMI 237 - AT - Income TaxDeemed income from house property - farm house - whether land was used for the agriculture/horticulture business and hence, it shall be treated as an exempted income u/s 10(1)? - HELD THAT:- For year under appeal is concerned against NIL income from horticulture is incurred, which includes electricity expenses, Municipal Tax, Horticultural expenses, Repairs and depreciation on plant & machinery. The details of the expenses incurred at the said farm house and the horticulture income, which is ‘ NIL’ for the year under appeal, it prima facie suggests that the primary activity of the said farm house is not of the nature of agricultural activity, rather it seems to be a place used as farm house and the expenses incurred are for the maintenance of the said farm house. It is not the case that the assessee has carried out agricultural activity and for earning income from agriculture some expenses have been incurred rather situation is inverse. The expenses incurred are much higher and does not match with the agricultural activity. All the grounds raised by the assessee are dismissed.
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