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Agricultural Income Estimation Scaled Down: ITAT Rajkot Restricts Addition to ₹50,000 on Ad-hoc Basis
Case Law Details
- Case Name
- Samir Sarmanbhai Maru Vs ITO (ITAT Rajkot)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2017-18
- Courts
- All ITAT, ITAT Rajkot
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Samir Sarmanbhai Maru Vs ITO (ITAT Rajkot)
Agricultural Income Estimation Scaled Down: ITAT Rajkot Restricts Addition to ₹50,000 on Ad-hoc Basis
The Rajkot Bench of the ITAT partly allowed the appeal for AY 2017-18 by substantially reducing the addition made on account of alleged excess agricultural income. The Assessing Officer had rejected the assessee’s claim of net agricultural income of ₹5.67 lakh and, relying on crop-yield and price data collected from Agriculture University, Junagadh, estimated the net agricultural income at only ₹86,204. The balance amount of ₹4.81 lakh was t...
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