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Income Tax - Highlights / Catch Notes

Home Highlights June 2023 Year 2023 This

Inflated agricultural production of grapes - The assessee has ...


Commissioner of Income Tax (Appeals) Upholds Assessee's Agricultural Income, Finds No Discrepancies in Grape Sales Records.

June 7, 2023

Case Laws     Income Tax     AT

Inflated agricultural production of grapes - The assessee has cultivated high quality grapes and sold the entire grapes to the company which has been verified from the record of raw material and consumption and no discrepancy was found in the stock of the company during the search and seizure action carried on the company. - CIT(A) rightly deleted the additions - AT

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