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Bank-Routed Agricultural Expenditure Not Unexplained Under Section 69C
Case Law Details
- Case Name
- Prakash Chand Vs ITO (ITAT Chandigarh)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2018-19
- Courts
- All ITAT, ITAT Chandigarh
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Prakash Chand Vs ITO (ITAT Chandigarh)
Agricultural Expenditure Fully Bank-Routed—Unexplained Expenditure Theory Rejected- 69C Can’t Apply
ITAT Chandigarh , deleted the addition of ₹38.70 Lakh made by AO as unexplained agricultural expenditure u/s 69C. Assessee, engaged in apple orchard cultivation, declared gross agricultural income of ₹86.01 Lakh & claimed expenditure on Laboure, salary, packing, fertilizers & chemicals, computing agricultural income of ₹47.30 Lakh. AO disallowed the expenditure as non-genuine merely because bills & vouchers were not fully produced, eve...
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