2012 (4) TMI 586 - HC - Income Tax

Summary

Issues involved: Appeal against order of Income Tax Appellate Tribunal regarding treatment of income as agricultural income for assessment year 2003-04.

Summary:

The appeal was filed by the Department against the order of CIT(Appeals) allowing the income to be treated as agricultural income. The CIT(Appeals) had also confirmed a similar order for the assessment year 2001-02.

First Issue:
The first question raised was whether the Tribunal was justified in treating the entire income as agricultural income. The Court noted that the CIT(Appeals) had already considered all relevant materials and facts before accepting the income as agricultural.

Second Issue:
The second question raised was regarding the reliance on an earlier decision for the assessment year 2001-02. The Court was informed that the Department's appeal against the earlier decision had been dismissed by the Division Bench judgment, rendering the second issue moot.

Therefore, as the earlier order had already been confirmed by the Division Bench, the Court found no substantial question of law for consideration and dismissed the appeal.