TMI Blog1992 (3) TMI 124X X X X Extracts X X X X X X X X Extracts X X X X ..... ous income. 2. Appearing for the assessee Shri B.R. Juneja submitted that the assessee carried out farming activity of growing of various foodgrains and during the rainy days, he utilised the same land, which is in low lying areas, for fish farming. He submitted that the land being in a low lying area, the water collects and it becomes a pond. He uses it as a pond and carries out the fish farmin ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ol of fish diseases and the method of handling of fishes are regulated and they are caught and then finally marketed. Out of total expenditure of Rs. 92,422, Rs. 6,580 is directly incurred on maintenance of fishes. Out of balance of Rs. 85,842, the assessee claimed proportionate deduction of expenditure on account of income from fish, based on the proportion of income from sale of fish to the tota ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... would be outside the ambit of taxation. The Commissioner had directed that the income should be entirely taken as income from other sources which in view of our observation is wrong and we set aside his order to that extent. 3. In regard to the other item of Rs. 16,746 included by the assessee under the head miscellaneous income, the CIT had only asked for examination without there being any er ..... X X X X Extracts X X X X X X X X Extracts X X X X
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