Agricultural Income Accepted, Yet Taxed? ITAT Ranchi Deletes Addition After Village Certificate Confirms Farming Activities

Subal Chandra Nag Vs DCIT/ACIT (ITAT Ranchi)

Assessee had declared agricultural income of ₹6,10,000/- for AY 2014-15 & ₹6,12,500/- for AY 2015-16. Assessee owns 6 acres of agricultural land. During scrutiny, AO accepted the gross agricultural receipts of ₹16,07,370/- (AY 2014-15) & ₹17,34,240/- (AY 2015-16) & even computed net agricultural income at the same figures declared by Assessee. However, surprisingly, AO disbelieved the agricultural income & treated it as “Income from Other Sources”. CIT(A)/NFAC upheld the addition without properly appreciating

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