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TMI Blog2019 (1) TMI 411X X X X Extracts X X X X X X X X Extracts X X X X ..... Advocate JUDGMENT The assessee is an individual. He filed his return of income for the asst. year 2005-2006 on 31.01.2007, declaring the total income of Rs. 2,88,000/- and agricultural income of Rs. 22,20,000/-. On selection of the case for scrutiny, Notices were issued to the assessee. Thereafter, the Assessing Officer added the following amounts to the return of income: Income returned Rs. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he agricultural income declared by the appellant on the facts and circumstances of the case and consequently gave a perverse finding? b) Whether the Tribunal was justified in levying interest under Section-234 A, 234 B, and 234 C of the Act on the facts and circumstances of the case?" 4. Sri.V.Chandrasekhar, learned counsel for the appellant contends that substantial material was placed before ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 7. The order of the Assessing Officer was passed on 28.12.2007. There is even a noting in the order of the Assessing Officer that when the matter was listed on 18.12.2007, an adjournment was sought for upto 24.12.2007. That on 24.12.2007, neither the assessee appeared nor he complied with the requirements as per the communication dated 11.12.2007. 8. Secondly, the so-called material was not produ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... keeping in view the conduct of the assessee and the futility of reconsidering the material before us, the same would not serve any purpose. 11. Under these facts and circumstances, we are of the view that the Tribunal was justified in confirming the estimation made by the Assessing Officer in accepting only 25% of the total 'agricultural income' declared by the assessee. The substantial question ..... X X X X Extracts X X X X X X X X Extracts X X X X
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