https://www.taxtmi.com/caselaws?id=432521 The Tribunal allowed the appeals in favor of the assessee, finding merit in the contention that the agricultural income estimation was based on valid data and consistent with previous years. The Tribunal concluded that the Assessing Officer's estimation lacked a clear basis and supporting evidence. The addition of Rs.9,00,000 for both assessment years was deemed to be based on surmise without contrary findings and should be deleted. en-us Mon, 02 Jan 2023 00:00:00 +0530 Fri, 06 Jan 2023 14:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432521 The Tribunal allowed the appeals in favor of the assessee, finding merit in the contention that the agricultural income estimation was based on valid data and consistent with previous years. The Tribunal concluded that the Assessing Officer's estimation lacked a clear basis and supporting evidence. The addition of Rs.9,00,000 for both assessment years was deemed to be based on surmise without contrary findings and should be deleted. Case-Laws Income Tax Mon, 02 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432521