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Income Tax

Huge Agricultural Income Accepted as Genuine – No Contrary Evidence from AO

Case Law Details

Case Name
Vinubhai Keshavbhai Rabadiya Vs ITO (ITAT Surat)
Date of Judgement/Order
Only available for paid members
Related Assessment Year
2016-17
Advertisement Vinubhai Keshavbhai Rabadiya Vs ITO (ITAT Surat) Huge Agricultural Income Accepted as Genuine  – No Contrary Evidence from AO – Onus Discharged, Addition Unsustainable Assessee declared agricultural income of ₹26,20,240 for AY 2016-17, compared to ₹4,04,995 in preceding year. AO treated ₹20,65,295 as unexplained “excess” agricultural income & disallowed expenses, alleging inflated claim. CIT(A) confirmed the addition. Before Tribunal, Assessee explained that agricultural land was jointly held with family members; in the relevant year, brother did not tak...
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Author Info

CA Vijayakumar Shetty
Qualification: CA in Practice
Company: Shetty & Co, Chartered Accountants, Mangalore
Location: Mangalore, Karnataka
Articles Published: 5,940

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