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2015 (11) TMI 1266 - ITAT CHENNAI

2015 (11) TMI 1266 - ITAT CHENNAI - TMI - Agricultural income - DR has submitted that the assessee has not filed any details in respect of purchase of seeds, fertilizers, pesticides, details of wages to labours and also submitted that no details were maintained by the assessee - Held that:- When the assessee has produced all the details as asked by the Assessing Officer and explained in detail, it is open to the Assessing Officer to disprove the details filed by the assessee. In the present case .....

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done any positive ac to disprove the facts submitted by the assessee. Under these facts and circumstances,the income earned by the assessee is an agricultural income and accordingly, the same is exempt under the Income Tax Act. - Decided in favour of assessee. - I.T.A.No.276/Mds/2015, I.T.A.No.277/Mds/2015, I.T.A.No.278/Mds/2015, I.T.A.No.279/Mds/2015 - Dated:- 19-8-2015 - Shri V. Durga Rao, Judicial Member For The Appellant ; Shri A.S. Sriraman, Advocate For The Respondent : Shri A.V. Sreekant .....

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und that the assessee company have engaged in agriculture and the income earned by the assessee is exempt under Income Tax Act, 1961. The case of the assessee was selected for scrutiny and notice under section 143(2) of the Act was issued and called details and explanation from the assessee. In response to the notice issued by the Assessing Officer, the assessee has filed details and submitted that the assessee has earned ₹ 1,40,000/- from agriculture against which expenses amounting to &# .....

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elveli District purchased in the year 1993. The assessee has further stated before the Assessing Officer that during the previous year, the land had yielded paddy in 8.1 acres and casuarina in 11 acres and sold in the local market. It was also submitted that casuarina was sold for ₹ 1,25,000/- and also filed details of lorry weigh bridge tokens. However, the Assessing Officer has not satisfied with the explanation given by the assessee and further asked the assessee to produce the land rev .....

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son of harvest were mentioned by the Village Administrative Officer in respect of crops carried out by the assessee. The Assessing Officer has also observed in the assessment order that no details were filed in respect of purchase of seeds, fertilizers, pesticides, payment of wages to labour and other incidental expenses. Therefore, the Assessing Officer has denied exemption claimed by the assessee as agricultural income. 4. On appeal, the ld. CIT(A) confirmed the order of the Assessing Officer. .....

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the ld. DR has submitted that the assessee has not filed any details in respect of purchase of seeds, fertilizers, pesticides, details of wages to labours and also submitted that no details were maintained by the assessee. He has strongly supported the orders passed by the authorities below. 8. Both sides have been heard, perused the materials available on record and gone through orders of authorities below. The assessee owned 40.43 acres of agricultural land at Veeravanallur village, Ambasamudr .....

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from revenue authorities. The assessee has filed true copy of certificate from Village Administrative Officer, wherein it was clearly mentioned details of cultivation, land ownership, name of crops viz. paddy, casuarina, percentage of area under cultivation. However, the Assessing Officer has not believed the certificate issued by the Village Administrative Officer on the ground that the period was not mentioned. The assessee has also filed weigh bridge slips to show that the casuarina has been .....

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