ITAT aside addition of Rs. 26,18,834 & accepts assessee’s Joint Agricultural Income Claim [Read Order]

The ITAT observed that the agricultural income was jointly earned by the assessee’s family
Agricultural Income - ITAT Ahmedabad - ITAT aside addition - taxscan

The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) has set aside an addition of Rs. 26,18,834 made by the assessing officer (AO) noting that agricultural income was jointly earned by the family of the assessee and not individual income. For the Assessment Year (AY) 2011-12, the assessee had filed an income…

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