When AO Verifies Agricultural Income, PCIT Cannot Revise: ITAT Chandigarh

Satyapal Singh Chauhan HUF Vs ITO (ITAT Chandigarh)

When AO Makes Inquiry, PCIT Cannot Step In – ITAT Chandigarh Quashes PCIT’s Revision u/s 263 – AO Had Already Verified Agricultural Income

Background

• Assessee HUF owns 36 acres of agricultural land with tubewell connection, regularly declaring substantial agricultural income:
• AY 2018-19 – ₹26.94 lakh (accepted u/s 143(1))
• AY 2019-20 – ₹29.79 lakh (accepted u/s 143(1))
• AY 2020-21 – ₹34.47 lakh (accepted u/s 143(3))
• For AY 2020

  Please become a Premium member. If you are already a Premium member, login here to access the full content.