Treatment of agricultural income as income from other sources -...
Agricultural income reclassified; second reassessment annulled. First reassessment order from June 10, 2005, remains final. Additions accepted.
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Income TaxApril 11, 2018Case LawsAT
Treatment of agricultural income as income from other sources - Since the second reassessment order has been annulled, the first reassessment order dated 10.06.2005 gets and attains finality. Therefore, since the assessee had earlier accepted these two additions made in the first re-assessment order, we are afraid we cannot adjudicate on the appropriateness of these two additions at this stage. - AT