This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Income recorded on estimated basis supported with possible evidence is acceptable
Case Law Details
- Case Name
- Anupama Chandrakandath Vs ACIT (ITAT Cochin)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2012-13 and 2013-14
- Courts
- All ITAT, ITAT Cochin
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Advertisement
Anupama Chandrakandath Vs ACIT (ITAT Cochin)
ITAT Cochin held that agricultural income recorded on estimated basis needs to accepted as it was supported by all the possible evidence for estimating income. Revenue has not brought anything on record to show the income estimated and the percentage of expense claimed is not correct.
Facts- The case of the assessee was selected for scrutiny under CASS and the notice u/s.143(2) was duly served on the assessee. During the course of assessment proceedings, AO noticed that the assessee has only estimated the agricultural income and acc...
Author Info
