9911796707
TMI Blog2019 (11) TMI 200X X X X Extracts X X X X X X X X Extracts X X X X ..... agricultural activity carried out on the agricultural land of the assessee and payment of ₹ 19,60,000/- through cheques issued from OBC bank account. Once the payment of ₹ 19,60,000/- were admitted by the tiller/tenant who has carried out agricultural operations and that too through the banking channel then to that extent the agricultural income of the assessee for the year under consideration cannot be doubted. CIT(A) has accepted the source of deposit to the extent of ₹ 4,10,000/- as past savings of the assessee. Accordingly, by considering the said amount of ₹ 19,60,000/- as agricultural income for the year under consideration and ₹ 4,10,000/- as past savings of the assessee, the source of deposit to t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f appeal relevant to the or arising out of the impugned order of CIT(A). 2. The assessee is an individual and filed his return of income on 19/03/2016 declaring total income at NIL. The assessee declared agricultural income of ₹ 21,21,000/-. During the course of scrutiny assessment, the A.O. noted from ITS data that the assessee has deposited cash of ₹ 25,31,200/- in his savings bank account maintained with ICICI bank. The assessee explained the source of cash of ₹ 25,31,200/- as agricultural income of ₹ 21,21,200/- declared in the return of income and balance amount of ₹ 4,10,000/- as accumulated savings of the past years of the assessee. The A.O. examined the tillers of the land who has car ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... fied and the same may be deleted. 5. On the other hand, the ld DR has relied upon the orders of the authorities below and submitted that while estimating the agricultural income of the assessee, the A.O. has considered three crops for a year from the said land whereas more than 2 regular crops cannot be taken in a year. The ld DR has submitted that if the wheet, rice and Kapas are taken as rabi and kharif season then no further crop can be taken in the year between two seasons. However, the A.O. while estimating the income has also considered ₹ 10.00 lacs as agricultural income from production of vegetables. The A.O. has thus estimated the gross production of the crops from the land of the assessee at ₹ 27,50,00 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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