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TMI Blog2021 (1) TMI 237X X X X Extracts X X X X X X X X Extracts X X X X ..... the village alongwith Certificate given by him i.e. Sarpanch and in view of the huge ownership of land by the assessee for which the assessee has produced all the documentary evidences as mentioned in the impugned order, Assessing Officer as well as Ld. CIT(A) made and confirmed the addition in dispute only on estimate basis and disallowed the same on the basis of the documentary evidences rejecting the claim of the assessee which is on the basis of the evidences of the revenue authorities. Hence,addition in dispute has wrongly been made for this year by the revenue authorities without any basis and the same is not sustainable in the eyes of law and is hereby deleted in the interest of justice, by accepting the appeal of the assessee. - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and sold the agricultural produce only for ₹ 15,36,747/- in order to work out the net agricultural income of the assessee, expenditure incurred to earn such income is to be reduced and Assessing Officer on the basis of documentary evidences was of the view that the assessee has not submitted any details in respect of expenses of 40% of production and he worked out at ₹ 6,14,698/- @ 40% of ₹ 15,36,747/- and the net agricultural income of the assessee was worked out at ₹ 9,22,048/- and difference of ₹ 43,14,152/- (5236200-922048) and Assessing Officer made the addition of ₹ 43,14,152/- by assessing the total income at ₹ 45,17,772/- u/s. 143(3) of the Income Tax Act, 1961 vide order dated 15/28.12.2016 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... see and he requested that the return filed by the assessee be accepted by allowing the appeal of the assessee and addition in dispute may be deleted. 4. On the contrary, ld. DR relied upon the orders of the authorities below and stated that on the basis of the documentary evidences filed by the assessee, the Assessing Officer has rightly assessed the income of the assessee and similarly, Ld. CIT(A) has given sufficient relief by correcting the amount of ₹ 52,36,200/- as ₹ 29,25,000/-, because the assessee could not produce the evidence before the authorities below. 5. I have heard both the parties and perused the records especially the orders passed by the revenue authorities alongwith the documentary evidences filed by th ..... X X X X Extracts X X X X X X X X Extracts X X X X
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