Case Laws
Acts
Notifications
Circulars
Classification
Forms
Manuals
Articles
News
D. Forum
Highlights
Notes
🚨 Important Update for Our Users
We are transitioning to our new and improved portal - www.taxtmi.com - for a better experience.
⚠️ This portal will be fully migrated on 31-July-2025 at 23:59:59
After this date, all services will be available exclusively on our new platform.
If you encounter any issues or problems while using the new portal,
please let us know
via our feedback form
, with specific details, so we can address them promptly.
Home
2020 (6) TMI 561 - AT - Income TaxAddition made u/s 69C - Unexplained huge expenditure to earn Agriculture income - assessee has used his own wells for irrigation and farm yard manure from his cattle shed the estimated expenditure - HELD THAT - In this case the agricultural land holding of the assessee is not in dispute and moreover the agricultural income earned by the assessee was from coconut trees and mango trees and not from raising paddy etc. for which various agricultural operations are to be carried out. AO has not shown any basis for estimating percentage of expenditure for the income from coconut trees and mango trees. Without making any physical verification of the number trees of coconut and mango usage of water for irrigation purposes etc. the AO was not justified in treating the agricultural income as excessive and proceed to make estimation. On similar views the ld. CIT(A) has deleted similar addition made by the Assessing Officer for the assessment year 2013-14 in the case of assessee individual Dr. V. Anand vide order dated 30.09.2016. Over and above once the assessee has not made any investment the addition made under section 69C of the Act is illegal as has been rightly observed by the ld. CIT(A) - Decided in favour of assessee.
|