Agriculturist are not required to maintain books of accounts u/s. 44AA: ITAT Delhi

Ishwar Chander Pahuja Vs ACIT (ITAT Delhi)

ITAT Delhi held that agriculturist are not required to maintain books of accounts as provisions of section 44AA of the Income Tax Act. Accordingly, exemption claim u/s. 10(1) allowed.

Facts- During assessment proceedings, AO observed that assessee has shown agricultural income of Rs.23,36,957/- u/s. 2(1A) of the Act and claimed the same as exempt u/s 10(1) of the Act, thus the assessee has claimed tax rebate on agricultural income of Rs.6,01,097/-. AO further observed that assessee has not claimed any expenses for a

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