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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.
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