Farming Income Validated – No Straightjacket Formula for Agricultural Yield, ITAT Nagpur

Sanjay Deokisan Lakhotiya Vs DCIT (ITAT Nagpur) ITAT Nagpur: Farming Output Varies – No Straightjacket Formula for Agricultural Yield- Agricultural Yield Cannot Be Estimated Mechanically- AO’s Reliance on Average Yield Data Faulty -Tribunal Accepts Orange Cultivation Income as Genuine Assessee, an agriculturist, filed appeal against order of CIT(A) affirming addition of Rs.5,30,252/- u/s 68. Assessee had disclosed agricultural income of Rs.21,33,000/- as exempt u/s 10(1). AO doubted the quantum of income, obtained reports from Taluka Krishi Adhikari, Chandur Bazar & Taluka Agriculture ...