No Cogent Evidence to Establish that Properties Sold by Taxpayer are Agricultural Land: ITAT deletes Addition of Rs.16.8 lakhs [Read Order]

There was no cogent evidence to establish that the properties sold by the assessee were agricultural land
By Aiswarya Krishnadas - On May 24, 2024 6:26 pm - 2 mins read
ITAT Chennai - ITAT - Agricultural Land - ITAT Deletes Addition of Rs.16.8 lakhs - tax news - Taxscan

The Chennai bench of the Income Tax Appellate Tribunal ( ITAT ) deleted the addition of Rs.16.8 lakhs, stating that there was no cogent evidence to establish that the properties sold by the taxpayer were agricultural land. The assessee Shri D. Ramagopal stated that no income except for agricultural income of Rs.3.80 lakhs out of…

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