Assessee's real estate income estimated at 8% turnover. 40% receipts allowed as agricultural income due to lack of documentation. Appeal partly allowed.

Assessee's real estate income estimated at 8% turnover. 40% receipts allowed as agricultural income due to lack of documentation. Appeal partly allowed. https://www.taxtmi.com/highlights?id=79599 Assessee's income from real estate business estimated at 8% of turnover due to lack of evidence for claimed 5% rate. Partial disallowance of agricultural income due to absence of documentation in assessee's name, with 40% of receipts allowed as agricultural income based on pragmatic considerations. Assessee's appeal partly allowed. en-us Mon, 22 Jul 2024 12:55:07 +0530 Mon, 22 Jul 2024 12:55:07 +0530 TaxTMI RSS Generator Assessee's real estate income estimated at 8% turnover. 40% receipts allowed as agricultural income due to lack of documentation. Appeal partly allowed. https://www.taxtmi.com/highlights?id=79599 Assessee's income from real estate business estimated at 8% of turnover due to lack of evidence for claimed 5% rate. Partial disallowance of agricultural income due to absence of documentation in assessee's name, with 40% of receipts allowed as agricultural income based on pragmatic considerations. Assessee's appeal partly allowed. Highlights Income Tax Mon, 22 Jul 2024 12:55:07 +0530 https://www.taxtmi.com/highlights?id=79599