AO Cannot Replace Evidence with Online Estimates: Tribunal Deletes Agricultural Income Addition

ITO Vs Mohammed Farooq Kanana (ITAT Bangalore) The Revenue filed an appeal before the ITAT Bangalore challenging the order of the CIT(A), who had deleted an addition of ₹1,20,16,900 made by the Assessing Officer (AO) under Section 68 of the Income Tax Act. The dispute arose from the assessee’s declaration of ₹1,44,61,074 as agricultural income from the sale of mangoes grown on approximately 24 acres of land in Chittoor District, Andhra Pradesh. The case was selected for limited scrutiny to examine large agricultural income. The assessee owned most of the land, with the remaining portion ...