Failure to Produce Evidence as to Astronomical Agricultural Income: ITAT upholds Estimation of Income by AO as Other Source [Read Order]

Evidence - Astronomical Agricultural Income - Agricultural Income - Income - ITAT upholds Estimation of Income - ITAT - Estimation of Income - Other Source - Taxscan

The Hyderabad Bench of Income Tax Appellate Tribunal (ITAT) has upheld the estimation of Income by the Assessing Officer as income from other sources as the assessee had failed to produce the evidence as to agricultural income. The assessee Gopal Agarwal Secunderabad was an individual who derives income from salary, house property and other sources….

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