https://www.taxtmi.com/caselaws?id=410046 The Tribunal allowed all eighteen appeals filed by the assessees, deleting the additions made by the Assessing Officer regarding the agricultural income claimed under section 68 of the Income Tax Act. The Tribunal found that the agricultural income of Rs. 1,15,860 claimed by the assessee was justified based on landholding records, emphasizing that small farmers are not required to maintain detailed accounts. The decision was specific to the case and not meant to set a precedent for other assessment years. en-us Mon, 12 Jul 2021 00:00:00 +0530 Fri, 23 Jul 2021 08:58:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410046 The Tribunal allowed all eighteen appeals filed by the assessees, deleting the additions made by the Assessing Officer regarding the agricultural income claimed under section 68 of the Income Tax Act. The Tribunal found that the agricultural income of Rs. 1,15,860 claimed by the assessee was justified based on landholding records, emphasizing that small farmers are not required to maintain detailed accounts. The decision was specific to the case and not meant to set a precedent for other assessment years. Case-Laws Income Tax Mon, 12 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410046