On-money received on sale of agricultural land, even when not declared, is also exempt & cannot be taxed

ACIT Vs Kamlesh Kumar Rathi (ITAT Delhi)

On-money received on sale of agricultural land, even when not declared, is also exempt & cannot be taxed  

The dispute relates to  addition made on account of on money/ undisclosed income, arising out of sale of agricultural land.

Search and seizure operation u/s. 132 was conducted in case of the assessee. In response to notices issued u/s. 153A assessee filed his return of income. Subsequently, assessee filed revised returns of

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