TMI Blog2020 (7) TMI 723X X X X Extracts X X X X X X X X Extracts X X X X ..... s of law framed are left open. In the event the tax effect in the respective cases is above the threshold limit fixed in the said circular, liberty is granted to the Revenue to make a mention to this Court to restore the appeals to be heard and decided on merits. - Tax Case Appeal Nos.1074 to 1077 & 1079 of 2014 - - - Dated:- 27-7-2020 - HONOURABLE MR. JUSTICE T.S. SIVAGNANAM AND HONOURABLE MR ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the assessment years from 2002-03 to 2005-06 and 2007-08. 3. The appeals were admitted on 10.3.2015 on the following substantial questions of law : TCA.Nos.1074 to 1077 of 2014: 1. Whether on the facts and circumstances of the case, the Tribunal was right in presuming the assessee earned agricultural income merely relying on Chitta and Adangal extracts issued by VAO despite the f ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of the case, the Tribunal was right in presuming the assessee earned agricultural income merely relying on Chitta and Adangal extracts issued by VAO despite the fact that no evidences pertaining to agricultural activities were furnished by the assessee? 2. Whether on the facts and circumstances of the case, the Tribunal can estimate the agricultural income without there being any proof that ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ether on the facts and in the circumstances of the case, the Income Tax Appellate Tribunal was right in deleting the addition of ₹ 50 lakhs being the money paid by the assessee to Jaya Krishnamurthy in respect of the land deal contrary to Section 68 of the Income Tax Act? 4. It is submitted by the learned Senior Standing Counsel appearing for the Revenue that the above questions have al ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... we make an observation to the effect that though the aforementioned five appeals are to be disposed of on the ground of low tax effect, the same will not be a bar for the Revenue to canvass the aforementioned substantial questions of law, which are also the substantial questions of law framed for consideration in TCA. Nos.1078 1080 of 2014. 6. Accordingly, the above tax case appeals are dism ..... X X X X Extracts X X X X X X X X Extracts X X X X
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