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Income Tax - Highlights / Catch Notes

Home Highlights June 2019 Year 2019 This

Addition of non-genuine agricultural income - AO not disputed ...


Debate Over Non-Genuine Agricultural Income: Estimating Income Per Acre vs. Documenting Every Transaction.

June 7, 2019

Case Laws     Income Tax     AT

Addition of non-genuine agricultural income - AO not disputed holdings of agricultural land - regular maintenance of books of accounts and documentary evidences for each and every transactions for agricultural operations for buying the seeds, labour charges, sale of produced, purchase of fertilizers etc. cannot be possible for various practical reasons - only remedy is estimation of income per acre

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