Proportionate Method Applied to Partly Accept Agricultural Income

Manoj Kumar Agarwal Vs AO NFAC (ITAT Agra) Reopening based on election affidavit quashed; agricultural income partly accepted: ITAT Agra delivers split verdict Agra ITAT delivered a composite ruling, partly sustaining addition on agricultural income for AY 2015-16, while quashing the entire reassessment for AY 2017-18. For AY 2015-16, the Assessee declared agricultural income of ₹20.14 lakh, claiming cultivation over 100.66 bighas comprising his own land and land owned by his brother. The AO accepted agricultural income only in respect of land owned by the Assessee and estimated income at â‚...