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TMI Blog1987 (11) TMI 132X X X X Extracts X X X X X X X X Extracts X X X X ..... 2. The assessee is running a nursery in the city of Jaipur and derives income from sale of rose plants. The assessee in the year sold various rose plants and accordingly the net income from this activity was Rs. 1,26,300 which was claimed as exempt under the head 'Agricultural Income'. The ITO had held that Rs. 50,000 was income from other sources on the basis that there were certain bills which c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ncies were in the month of March. 3. The ld. counsel provided a chart of sales during the period July to December and the rest of the period for several years which all indicated that the sales during the period of July to December, were ranging between 55.5 per cent to 73 per cent over the years of the total sales. As regards the source of income of the partners were concerned, the undisputed fa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f the authorities below. 4. We have given careful consideration to the arguments that have been advanced. The limited issue to be considered is in respect of examination of investments that have been made outside, maintenance of any production register and peak season sales, comparison & their explanations. As the facts are that there does not appear to be any interpolations in the cash memos rai ..... X X X X Extracts X X X X X X X X Extracts X X X X
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