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No Proof, No Exemption – ITAT Remands “Agricultural Income” Claim with Cost
Case Law Details
- Case Name
- Yohann Kekoo Sethna Vs ITO (ITAT Bangalore)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2021-22
- Courts
- All ITAT, ITAT Bangalore
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Yohann Kekoo Sethna Vs ITO (ITAT Bangalore)
In the case of Yohann Kekoo Sethna, the Bangalore ITAT dealt with addition of ₹33.12 lakh claimed as agricultural income but treated as unexplained cash credit u/s 68 and taxed u/s 115BBE.
The Assessing Officer made the addition because:
The assessee failed to furnish basic evidence such as land ownership/lease, crop records, sales details, or books of account.
The claim of agricultural income remained completely unsubstantiated.
The CIT(A) upheld the addition.
Before ITAT:
The assessee sought one more opportunity to produce evi...
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