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TMI Blog2022 (6) TMI 1234X X X X Extracts X X X X X X X X Extracts X X X X ..... cted the assessee s claim of agricultural expenses being on the lower side on the basis of a yardstick of 35% being trend of current year . It is not understandable as to where from such trend came into vogue. If the percentage of agricultural expenses shown by the assessee for the year under consideration is lower than that of the immediately preceding year, it is better than that for the two ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... HRI R. S. SYAL , VICE PRESIDENT AND SHRI S. S. VISWANETHRA RAVI , JUDICIAL MEMBER Assessee by : Shri Sharad Shah Revenue by : Shri M.G. Jasnani ORDER PER R. S. SYAL , VP : This appeal by the assessee is directed against the order dated 19-07-2021 passed by the National Faceless Appeal Centre (NFAC), Delhi u/s.250 of the Income-tax Act, 1961 (hereinafter also called the A ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... anced the amount of agricultural expenses to Rs.16,72,601/- resulting into disallowance of Rs.4,19,970/-. The ld. CIT(A) sustained the disallowance, against which the assessee has come up in appeal before the Tribunal. 4. We have heard the rival submissions and gone through the relevant material on record. It is seen that the assessee declared gross agricultural receipts at Rs.47,78,862/- and a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the immediately preceding year, it is better than that for the two years immediately prior thereto. Here is a case in which the assessee maintained complete details of agricultural expenses, which have not been faulted with by the AO. If the expenses were inadequate or wanting in any respect, the AO ought to have rejected such expenses by giving some plausible reasons, whereafter, he could have g ..... X X X X Extracts X X X X X X X X Extracts X X X X
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