ITAT dismisses agricultural income challenge, upholding CIT(A)'s...

ITAT dismisses agricultural income challenge, upholding CIT(A)'s 15% expense limitation. The tribunal found the assessee's agricultural activities legitimate, involving diverse crops like mango, wheat, and chickpea across 40 acres with minimal labor and owned water facilities. Sale receipts were undisputed, with average agricultural income per acre ranging from Rs. 25,000 to Rs. 30,000. The tribunal concluded that the CIT(A)'s expense restriction was reasonable and rejected the assessee's appeal against the income assessment, affirming the original determination of agricultural income and associated expenses.