9911796707
TMI Blog2017 (1) TMI 1838X X X X Extracts X X X X X X X X Extracts X X X X ..... llant : Shri Manoj Kumar Sinha, Advocate. For Respondent : Ms. Naushina Ali, Advocate. Order on Board Per Deepak Gupta, Chief Justice 1. This Appeal is not maintainable. 2. Briefly stated, the facts of the case are that the Assessing Officer came to the conclusion that the Assessee/Company had made bogus claims for agricultural income. Out of the amount being shown as agricultural income, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ng Officer was correct and that the learned CIT(Appeals) had gravely erred in setting aside the order of the Assessing Officer. As far as the Assesssee is concerned, it claimed deduction/exemption of 100% agricultural income. The ITAT in its order has made certain observations with regard to the correctness of the order indicating that it was not satisfied with the order of the CIT (Appeals). It w ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d disproportionate share premium in the last stage of money is introduced as cash realised. She submitted that the claim of agricultural income in this case should also be examined from this perspective. 12. Per contra, Id counsels submitted that the statement of Smt Sheetal Verma & Shri DK. Jain Id D.Rs. is not at all emanating out of the orders of the authorities below. He submitted that ther ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nd peace of mind, he was ready and willing to accept the order of the Assessing Officer. He also filed three handwritten letters/notes in this regard with respect to the three different Assessees. Thereupon, the learned ITAT permitted the counsel to withdraw the Appeals since he was ready to comply with the order of the Assessing Officer. In view of this, the Appeal of the Revenue did not survive ..... X X X X Extracts X X X X X X X X Extracts X X X X
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