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TMI Blog2011 (3) TMI 1818X X X X Extracts X X X X X X X X Extracts X X X X ..... al income of ₹ 3,38,370/- out of the addition of ₹ 3,67,400/- made by the Assessing Officer. 3. Rival contentions have been heard and record perused. Brief facts of the case are that the assessee late Shri M.P. Padanabhan had shown taxable income from pension of ₹ 38,400/- and claimed exempted agricultural income of ₹ 8,81,300/-. The assessee owned agricultural land in Kerala as well as agricultural land measuring 18.86 acres in Ratanpur Area, Bhopal. The Assessing Officer noted in the assessment order that the assessee had shown agricultural income at ₹ 8,81,300/- as under Agricultural income from Kerala ₹ 3,23,900/- Agricultural income from Agricultural land in Bhopal ₹ 5,57,400/- ₹ 8,8 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and expenses incurred and the Assessing Officer has not raised any specific objection against this. It was contended that the total agricultural income shown by the assessee consisted of three crops i.e. one crop of the earlier year and two crop of the year under consideration. It was argued that the Assessing Officer was not justified in making adhoc addition without any valid reason. The assessee had also furnished details of sale proceeds and expenditure incurred which was furnished before the Assessing Officer. Thus, it was contended that the assessee had earned net agricultural income of ₹ 6,21,270/- (₹ 8,20,770 ₹ 1,99,500) from the agricultural land at Ratanpur, Bhopal and the Assessing Officer was not justified in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . 8. We have considered the rival contentions, carefully gone through the orders of the authorities below and the detailed chart of production and sale of various produce like wheat, chana, soya, placed on record duly indicating the month of production and also date of sale, rate at which the produce was sold. The assessee had also given detailed break up of the various expenditure incurred for producing these crops which in total amounted to ₹ 1,99,500/-. Thus, the total net income of ₹ 6,21,270/- was shown in respect of land of 18.86 acres in Ratanpur area, Bhopal, yielding average rate of ₹ 33,000/- per acre. The learned Commissioner of Income-tax (Appeals) estimated ₹ 15,000/- per acre. Keeping in view the det ..... X X X X Extracts X X X X X X X X Extracts X X X X
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