Agriculturists not expected to maintain bills for crop sales – Additions deleted

Ganesh Vasudeva Shet Vs ITO (ITAT Bangalore) Section 44AA- Agriculturist Not Bound to Maintain Books – Agricultural Income Cannot Be Treated as Unexplained Where Sales Are Substantiated- Adhoc Expense Disallowance Without Evidence Not Sustainable Agricultural Income Accepted – ITAT Bangalore Deletes Additions & Adhoc Disallowance Where assessee, an agriculturist, substantiated majority of agricultural sales with records from MACOS & CAMPCO and balance sales were made locally without vouchers, Tribunal held u/s 44AA agriculturist not obliged to maintain books. Addition of ₹9.2...