Taxpayer provides proper explanation and Documentary Evidence for Agricultural Income: ITAT deletes addition of Rs.16.4 Lakhs [Read Order]

The assessee has provided proper explanation and documentary evidence regarding agriculture income
By Aiswarya Krishnadas - On July 5, 2024 11:30 pm - 2 mins read
tax news – taxpayer - agriculture income – itat - itat news - Income Tax Appellate Tribunal - explanation and Documentary Evidence for Agricultural Income - TAXSCAN

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) deleted the addition of Rs.16.4 lakhs after the taxpayer provided a proper explanation and documentary evidence for their agricultural income The assessee filed its original return of income showing total income at Rs. 4, 95,070/-. As per AIR information, the assessee made a cash deposit…

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