https://www.taxtmi.com/caselaws?id=303384 The ITAT partially allowed the appeal by revising the estimation of agricultural expenses to 30% of gross receipts instead of 40%, and directing the deletion of the addition based on the stamp duty valuation difference. The ITAT emphasized the necessity of concrete evidence beyond valuation for tax purposes, leading to the removal of the undisclosed investment addition. en-us Mon, 22 Mar 2010 00:00:00 +0530 Tue, 19 Jul 2022 11:33:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303384 The ITAT partially allowed the appeal by revising the estimation of agricultural expenses to 30% of gross receipts instead of 40%, and directing the deletion of the addition based on the stamp duty valuation difference. The ITAT emphasized the necessity of concrete evidence beyond valuation for tax purposes, leading to the removal of the undisclosed investment addition. Case-Laws Income Tax Mon, 22 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303384