ITAT Panaji Remands Agricultural Income Addition as CIT(A) Ignored Evidence

Jamgagi Laxman Siddappa Huf Vs ITO (ITAT Panaji) Authorities Must Examine Evidence Before Disbelieving Farm Income – Agricultural Income Addition Remanded for Fresh Verification- ITAT Panaji Assessee, an HUF running a nursing & maternity home, declared agricultural income of ₹36.63 lakh in its return for A.Y. 2016-17. The case was selected for limited scrutiny to verify the genuineness of the agricultural income. AO, unsatisfied with the evidences for landholding, crop sales & expenditure, disbelieved the claim & assessed total income at ₹46.87 lakh, treating the entire a...