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2015 (6) TMI 726 - HC - Income TaxComputation of capital income - Tribunal having held the appellant's agricultural income to be ₹ 9 lacs as against the claim of ₹ 12 lacs - Held that:- The Tribunal has considered in detail the evidence. The Tribunal for instance considered the income of the Assessee even during the previous years which was substantial. The Tribunal therefore, came to the conclusion that the assessee had been engaged in agricultural activity. The main dispute related to the agricultural activities. In this regard, the Authorities have considered the sales of various items such as wood, wheat, haldi etc. The extent of the lands cultivated was, however, in doubt. Initially the appellant claimed that about 25 acres was taken on lease. The document, however, did not establish the same. Further as noted by the Tribunal also no books of accounts/bills/vouchers have been produced. This was also a relevant factor while testing the appellant's claim. Having considered all these facts, computation of the income at ₹ 9 lacs as against the claim of ₹ 12 lacs cannot be held to be perverse or absurd. This was a question of appreciation of facts. - Decided against revenue.
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