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Agricultural Income Addition Deleted as Books Not Rejected: ITAT Bangalore
Case Law Details
- Case Name
- Karnataka Ginger Trading Company Vs ITO (ITAT Bangalore)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2018-19
- Courts
- All ITAT, ITAT Bangalore
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Karnataka Ginger Trading Company Vs ITO (ITAT Bangalore)
The assessee, a partnership firm engaged in ginger trading and cultivation, filed appeals for Assessment Years 2018-19 and 2020-21 against orders of the CIT(A)/NFAC confirming additions made by the Assessing Officer by re-characterizing part of the exempt agricultural income as income from other sources.
For AY 2018-19, the assessee declared total income of Rs. 8,36,910 and claimed exempt agricultural income of Rs. 57,03,047. The case was selected for limited scrutiny on agricultural income. During assessment, the Assess...
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