https://www.taxtmi.com/caselaws?id=444030 A stock addition was deleted where the closing stock discrepancy was traced to a manual inventory error later corrected in the computerized stock statement, and the comparative gross profit and net profit trends did not indicate suppression or abnormal trading results. The claim of agricultural income from leased lands required landowner-wise verification on confirmations, statements, and supporting records: the income was accepted for some landowners, treated as non-agricultural income for others on adverse evidence, and remanded for fresh enquiry where records were incomplete. The possibility that a tenancy arrangement may offend the Karnataka Land Reforms Act, 1974 was not, by itself, decisive of taxability. en-us Thu, 15 Jun 2023 00:00:00 +0530 Sat, 07 Oct 2023 08:31:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444030 A stock addition was deleted where the closing stock discrepancy was traced to a manual inventory error later corrected in the computerized stock statement, and the comparative gross profit and net profit trends did not indicate suppression or abnormal trading results. The claim of agricultural income from leased lands required landowner-wise verification on confirmations, statements, and supporting records: the income was accepted for some landowners, treated as non-agricultural income for others on adverse evidence, and remanded for fresh enquiry where records were incomplete. The possibility that a tenancy arrangement may offend the Karnataka Land Reforms Act, 1974 was not, by itself, decisive of taxability. Case-Laws Income Tax Thu, 15 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444030