Agricultural Income Can’t Be Denied Merely on Suspicion: Bangalore ITAT

Tattaruparambil Mathew Joseph Vs ITO (ITAT Bangalore) Reasonable Agricultural Income Cannot Be Denied Altogether- Bangalore ITAT Gives Relief in Rubber Plantation Case, Sends ₹20 Lakh Lease Receipt Back for Verification The Bangalore ITAT granted partial relief to an assessee whose agricultural income from rubber plantation was treated entirely as “Income from Other Sources” by the AO and NFAC. The Tribunal held that once the ownership of agricultural land and existence of agricultural activities are accepted, the department cannot completely deny agricultural income merely because exhau...