9911796707
TMI Blog791/CBDT.X X X X Extracts X X X X X X X X Extracts X X X X ..... income of an assessee for purposes of determining the rate of tax to be applied to the latter. The number of cases likely to be affected by these provisions is not known but it is desirable that the introduction of the new provision should not retard the Department's efforts for quick disposal of the existing work-load, and cases involving determination of agricultural income should also be handle ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... visualised would have to be evolved on regional basis. The Commissioner are, therefore, requested to get in touch with the Department of Agriculture or any other agency of the State Government operating in their areas and after collecting necessary information formulate general guidelines for the Income-tax Officers. While doing so, the CITs may broadly classify the land into three or four types/ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cation of the checks indicated to him by the CIT the income returned by the assessee is acceptable. If so, he need not waste any time over the case and the agricultural income declared by the assessee should be promptly accepted. Since however, the integration of agricultural income is only for the limited purpose of determining the tax rate on the non-agricultural income, the temptation to overst ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... er proper scrutiny dealt with as indicated earlier. It is felt that cases involving under-statement of agricultural income are likely to be few so that in determining agricultural income the ITOs would, generally, have to be on their guard against applying the traditional approach of making additions to the amounts declared. If, however, such cases do occur, the ITO should make suitable additions ..... X X X X Extracts X X X X X X X X Extracts X X X X
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