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TMI Blog2022 (6) TMI 1096X X X X Extracts X X X X X X X X Extracts X X X X ..... on as conducting agricultural activity on land taken on rent - HELD THAT:- The net agricultural income is not possible in view of possession of agricultural land in 52R which is not sufficient. It is also noted the sale bills of agricultural produce were furnished before the AO but however the AO held the bills obtained from merchant who is non-existent. There is no dispute with regard to possessi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he addition to an extent of Rs.12,90,000/- being 50% of Rs.25,80,000/- on account of non furnishing of requisite details regarding the refund made to customers on account of advances received on land transactions. Thus, the order of CIT(A) is modified as indicated above accordingly and grounds raised by the assessee are partly allowed. - ITA No.2943/PUN/2016 - - - Dated:- 7-6-2022 - Shri Intur ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s of trading in land on very small scale, helping his father and mother who running a tea shop at Adgaon. The assessee also conducts agricultural activity on land taken on rent. The AO treated an amount of Rs.47,20,000/- found in the bank account of the assessee as undisclosed income. The assessee contended that the said amount deposited out of earlier withdrawals from bank accounts, agricultural ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... vity or a contract farmer. The net agricultural income of Rs.28 lakhs is not possible in view of possession of agricultural land in 52R which is not sufficient. It is also noted the sale bills of agricultural produce were furnished before the AO but however the AO held the bills obtained from merchant who is non-existent. There is no dispute with regard to possession of agricultural land whether i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ion to an extent of Rs.12,90,000/- being 50% of Rs.25,80,000/- on account of non furnishing of requisite details regarding the refund made to customers on account of advances received on land transactions. Thus, the order of CIT(A) is modified as indicated above accordingly and grounds raised by the assessee are partly allowed. 4. In the result, the appeal of assessee is partly allowed. Orde ..... X X X X Extracts X X X X X X X X Extracts X X X X
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