ITAT Ranchi Deleted Agricultural Income Disallowance After Physical Verification

Nitesh Nath Shah Deo Vs DCIT (ITAT Ranchi) Agricultural Income Allowed After Physical Verification – Addition Deleted The Ranchi Bench of the Income Tax Appellate Tribunal allowed the appeal of Shri Nitesh Nath Shah Deo for AY 2015-16, deleting the addition made on account of alleged non-genuine agricultural income. Key highlights of the ruling are: Claim of Agricultural Income:The assessee, owner of about 64 acres of ancestral land, had declared agricultural income of ₹13.20 lakh, which was disallowed by the Assessing Officer (AO) for want of proof. Remand & Physical Verification:Dur...