Agricultural Income not to be Treated as Unaccounted Income u/s 68 of Income Tax Act if No Incriminating Materials to Show Income Belongs to Assessee: ITAT [Read Order]

By Ipsita Das - On September 8, 2023 11:00 am - 2 mins read

Agricultural- Income - Treated - Unaccounted- Income - Income- Tax -Act - Incriminating- Materials - Show -Income -Assessee-ITAT-TAXSCAN

The Chennai Bench of Income Tax Appellate Tribunal (ITAT) stated that there is nothing on record which would show that any incriminating material was found during search operation which would show that the agricultural income belonged to the assessee instead of HUF (Hindu Undivided Family), thus held that the agricultural income is not to be…

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