![Taxpayer provides proper explanation and Documentary Evidence for Agricultural Income: ITAT deletes addition of Rs.16.4 Lakhs [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/tax-news-taxpayer-agriculture-income-itat-itat-news-Income-Tax-Appellate-Tribunal-explanation-and-Documentary-Evidence-for-Agricultural-Income-TAXSCAN.jpg "Taxpayer provides proper explanation and Documentary Evidence for Agricultural Income: ITAT deletes addition of Rs.16.4 Lakhs [Read Order]")
Taxpayer provides proper explanation and Documentary Evidence for Agricultural Income: ITAT deletes addition of Rs.16.4 Lakhs [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) deleted the addition of Rs.16.4 lakhs after the taxpayer provided a proper explanation...
![Rental Income received from Agricultural Land shall be exempt from Tax and be treated as Agricultural Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Rental-Income-Rental-Income-received-from-Agricultural-Land-Agricultural-Land-Tax-Agricultural-Income-taxscan.jpg "Rental Income received from Agricultural Land shall be exempt from Tax and be treated as Agricultural Income: ITAT [Read Order]")
![Income from Nursery Activities of growing various types of Lawns, Flower Plants and Vegetable Plants is Agricultural Income, not Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Income-from-Nursery-Activities-of-growing-various-types-of-Lawns-Flower-Plants-and-Vegetable-Plants-is-Agricultural-Income-Business-Income-ITAT-TAXSCAN.jpg "Income from Nursery Activities of growing various types of Lawns, Flower Plants and Vegetable Plants is Agricultural Income, not Business Income: ITAT [Read Order]")
![No Income Tax Addition can be made u/s 68 of Income Tax Act if AO Assessed the Agricultural Income Excluding Leased Land, and not in Accordance with Previous AY: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/No-Income-Tax-Addition-Income-Tax-Act-AO-Assessed-Agricultural-Income-Land-Accordance-AY-ITAT-TAXSCAN.jpg "No Income Tax Addition can be made u/s 68 of Income Tax Act if AO Assessed the Agricultural Income Excluding Leased Land, and not in Accordance with Previous AY: ITAT [Read Order]")
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]
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...
![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]](https://www.taxscan.in/wp-content/uploads/2023/09/Agricultural-Income-Treated-Unaccounted-Income-Income-Tax-Act-Incriminating-Materials-Show-Income-Assessee-ITAT-TAXSCAN.jpg "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]")
Failure to Produce Evidence as to Astronomical Agricultural Income: ITAT upholds Estimation of Income by AO as Other Source [Read Order]
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...
![Failure to Produce Evidence as to Astronomical Agricultural Income: ITAT upholds Estimation of Income by AO as Other Source [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Evidence-Astronomical-Agricultural-Income-Agricultural-Income-Income-ITAT-upholds-Estimation-of-Income-ITAT-Estimation-of-Income-Other-Source-Taxscan.jpg "Failure to Produce Evidence as to Astronomical Agricultural Income: ITAT upholds Estimation of Income by AO as Other Source [Read Order]")
![Cash Deposits of Agricultural Income not Taxable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/cash-deposit-agricultural-income-tax-income-tax-ITAT-Taxable-Taxscan.jpg "Cash Deposits of Agricultural Income not Taxable: ITAT [Read Order]")
Cultivation of High Quality Foundation Seeds of Peas, Wheat, Paddy and Potato Constitute "Agricultural Activity": ITAT [Read Order]
The New Delhi Bench of Income Tax Appellate Tribunal recently held that cultivation of high quality foundation seeds of peas, wheat, paddy and potato constitutes “agricultural activity”. Malook...
![Cultivation of High Quality Foundation Seeds of Peas, Wheat, Paddy and Potato Constitute Agricultural Activity: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Cultivation-High-Quality-Foundation-Seeds-Agricultural-Activity-ITAT-Taxscan.jpg "Cultivation of High Quality Foundation Seeds of Peas, Wheat, Paddy and Potato Constitute Agricultural Activity: ITAT [Read Order]")
Agricultural Activity carried out and Agricultural Income declared, Sale not taxable as Capital Gains: ITAT [Read Order]
The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) has recently held, in the case of revenue against the assessee-K. Dhandapani and Co. Ltd. that agricultural activity has been carried out...
![Agricultural Activity carried out and Agricultural Income declared, Sale not taxable as Capital Gains: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Agricultural-Activity-Agricultural-Income-Sale-Capital-Gains-ITAT-taxscan.jpg "Agricultural Activity carried out and Agricultural Income declared, Sale not taxable as Capital Gains: ITAT [Read Order]")
Agricultural Income assessed without due enquiry: ITAT upholds order of PCIT for Revision of Assessment [Read Order]
The Banglore Bench of the Income Tax Appellate Tribunal (ITAT) comprising Judicial Member Beena Pillai and Accountant Member Chandra Poojari upheld the order of the Principal Commissioner of Income...
![Agricultural Income assessed without due enquiry: ITAT upholds order of PCIT for Revision of Assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Agricultural-Income-enquiry-ITAT-PCIT-Assessment-taxscan.jpeg "Agricultural Income assessed without due enquiry: ITAT upholds order of PCIT for Revision of Assessment [Read Order]")
![ITAT deletes Section 271D Penalty as Assessee Bonafidely explains Reasonable Cause [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/ITAT-Section-271D-Penalty-Assessee-Bonafidely-Reasonable-Cause-Taxscan.jpg "ITAT deletes Section 271D Penalty as Assessee Bonafidely explains Reasonable Cause [Read Order]")