ITAT Bangalore remands addition U/s 69A on alleged bogus agricultural income; directs fresh verification of evidence

Kanakapura Venkataramanaswamy Madhusudhan Karthik Vs ITO (ITAT Bangalore) ITAT Bangalore remands addition U/s 69A on alleged bogus agricultural income; directs fresh verification of evidence In this case, the Bangalore ITAT dealt with disallowance of agricultural income of ₹29.86 lakh, which was treated by the AO as unexplained money u/s 69A. The assessee had claimed such income as exempt u/s 10(1) from cultivation of coconut and guava on 5.75 acres of land (owned by father).  AO rejected the claim based on multiple factors : Land was not in assessee’s name, and no formal right to cultiv...