https://www.taxtmi.com/caselaws?id=409407 A claim of agricultural income exemption requires credible proof of land ownership and evidence that the land could generate the income claimed; on the facts noted, the assessee failed to substantiate either, so the addition was sustained and exemption under section 10(1) was rejected. The procedural objection based on alleged inadequate opportunity also failed because the assessment was treated as protected by section 292B, which prevents invalidation for a mere defect, mistake, or omission when the proceeding is otherwise in substance compliant with the Act. The appeal was dismissed and the lower authorities' disallowance was affirmed. en-us Thu, 01 Jul 2021 00:00:00 +0530 Wed, 07 Jul 2021 09:11:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409407 A claim of agricultural income exemption requires credible proof of land ownership and evidence that the land could generate the income claimed; on the facts noted, the assessee failed to substantiate either, so the addition was sustained and exemption under section 10(1) was rejected. The procedural objection based on alleged inadequate opportunity also failed because the assessment was treated as protected by section 292B, which prevents invalidation for a mere defect, mistake, or omission when the proceeding is otherwise in substance compliant with the Act. The appeal was dismissed and the lower authorities' disallowance was affirmed. Case-Laws Income Tax Thu, 01 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409407