https://www.taxtmi.com/caselaws?id=416587 The Tribunal ruled in favor of the assessee, overturning the disallowance and enhancement of agricultural income made by the Assessing Officer and confirmed/enhanced by the Commissioner of Income Tax (Appeals). The Tribunal found that the additions were based on surmises and conjectures without substantial evidence. It emphasized the importance of concrete evidence in making such additions and highlighted the necessity of incriminating material for reopening completed assessments under section 153A of the Income Tax Act, 1961. The appeals filed by the assessees were allowed, emphasizing the need for the Revenue to provide substantial evidence when disputing claims of agricultural income. en-us Mon, 22 Nov 2021 00:00:00 +0530 Fri, 31 Dec 2021 15:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416587 The Tribunal ruled in favor of the assessee, overturning the disallowance and enhancement of agricultural income made by the Assessing Officer and confirmed/enhanced by the Commissioner of Income Tax (Appeals). The Tribunal found that the additions were based on surmises and conjectures without substantial evidence. It emphasized the importance of concrete evidence in making such additions and highlighted the necessity of incriminating material for reopening completed assessments under section 153A of the Income Tax Act, 1961. The appeals filed by the assessees were allowed, emphasizing the need for the Revenue to provide substantial evidence when disputing claims of agricultural income. Case-Laws Income Tax Mon, 22 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416587