Taxing Agricultural Income Under Section 153C: Role of Incriminating Material

Duraisamy Parameswaran Vs ACIT (ITAT Chennai)

Introduction: The Duraisamy Parameswaran Vs ACIT case is a landmark ruling by the Income Tax Appellate Tribunal (ITAT) in Chennai. It pertains to the taxation of agricultural income under Section 68 of the Income Tax Act. This analysis aims to shed light on the judgment, its implications, and why it is critical for taxpayers involved in agricultural activities.

Key Issues Addressed