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ITAT Cuts Additions from Rs.13.91 Lakh to Rs.1.39 Lakh Using 10% Estimate
Case Law Details
- Case Name
- Chintan Umedsinh Sodha Vs ITO (ITAT Rajkot)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2016-17
- Courts
- All ITAT, ITAT Rajkot
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Chintan Umedsinh Sodha Vs ITO (ITAT Rajkot)
No Bogus Evidence Found- From Rs.13.91 Lakh to Rs.1.39 Lakh: ITAT Applies 10% Estimate in Agriculture & Tuition Case
Assessee declared total income of Rs.3,99,350 & agricultural income of Rs.4,95,050. AO, during scrutiny u/s 143(3), treated agricultural income of Rs.8,15,200 & tuition income of Rs.5,75,800 as unexplained income, holding that Assessee failed to produce sale bills, vouchers for agricultural expenses, or adequate proof for tuition such as student details, fee structure & tutor qualifications. CIT(A)-NFAC...



