Case Law Details
Sharma Tyagi Vs. ITO (ITAT Delhi)
Assessee did not submit any evidence of earning of any agriculture income by the assessee in assessment year under appeal. No agriculture income was shown in the return of income filed on issue of notice under section 142(1) of the Act. The assessee did not have any evidence of accumulation of past agriculture income. Merely because assessee was holding agricultural land holdings of 20 bigas would not prove that assessee earned any agricultural income or has any past savings so that to make any investment in the property. In the absence of any evidence on record, no further interference is called for in the matter.
FULL TEXT OF THE ITAT ORDER IS AS FOLLOWS:-
All the appeals by assessee are directed against the different orders of learned Commissioner (Appeals), Muzaffarnagar dated 21-10-2014 for assessment years 2008-09, 2007-08 and 2009-2010.
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