9911796707
TMI Blog2023 (10) TMI 1194X X X X Extracts X X X X X X X X Extracts X X X X ..... lief to the assessee. Hence, find no infirmity in the order passed by the CIT(A) and accordingly dismiss the grounds raised by the assessee. - Shri Duvvuru Rl Reddy, Hon ble Judicial Member For the Appellant : Shri M.V.Prasad, AR For the Respondent : Shri Madhukar Aves, DR ORDER PER SHRI DUVVURU RL REDDY, JUDICIAL MEMBER : This appeal is filed by the assessee against the order of Commissioner of Income Tax (Appeal) [CIT(A)]-12, Hyderabad vide Appeal No.10806/2019-20 dated 30.06.2023 arising out of the assessment order passed u/s 143(3) of the Income Tax Act, 1961 (in short Act ) dated 26.12.2019 for the Assessment Year (A.Y.)2018-19. 2. Brief facts of the case are that the assessee, CEO of M/s Yugandhar Hou ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... O, the assessee preferred an appeal before the CIT(A) and the Ld.CIT(A) partly allowed the appeal of the assessee holding that the assessee s father and wife hold agricultural land to the extent of 7 acres on which agricultural crops were cultivated and further on perusal of ITR of assessee s wife, Smt.J.Amala, it was observed by the Ld.CIT(A) that she has shown agricultural income of Rs. 3,36,500/- and out of her agricultural income, she sourced an amount of Rs. 1,00,000/- to the assessee. Accordingly the Ld.CIT(A) considered an amount of Rs. 1,00,000/- as explained and gave relief to the extent of 50% of claimed sources from agricultural income of assessee s father i.e. Rs. 1,00,000/- (50% of Rs. 2,00,000/-) and confirmed the remaining am ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ,00,000/- without proving that such claim as not genuine with any corroborative evidences. The Ld.AR further submitted that the Ld.CIT(A) sustained the addition on mere assumptions without any basis. He, therefore, pleaded to set aside the order passed by the Ld.CIT(A) and delete the addition sustained by the Ld.CIT(A). 6. Per contra, the Ld.DR submitted that the Ld.CIT(A) has adopted fair and reasonable view and he is justified in giving relief to the extent of 50% of the claimed source from agricultural income of father of the assessee. He, therefore, pleaded to uphold the addition sustained by the Ld.CIT(A) and dismiss the appeal of the assessee. 7. I have heard both the parties and perused the material available on record. It is u ..... X X X X Extracts X X X X X X X X Extracts X X X X
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