https://www.taxtmi.com/caselaws?id=757038 The ITAT Jodhpur ruled in favor of the assessee regarding agricultural income determination. The case involved addition under section 69 for difference between admitted and net agricultural income. The assessee filed an affidavit dated 15.02.2018 claiming only agricultural activity as income source without disputed investments. Neither the AO nor CIT(A) discussed or disputed the affidavit contents, and the assessee was not cross-examined. The tribunal held that sworn affidavit averments must be accepted unless rebutted by evidence, directing deletion of the addition made by AO. en-us Mon, 13 May 2024 00:00:00 +0530 Mon, 12 Aug 2024 14:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757038 The ITAT Jodhpur ruled in favor of the assessee regarding agricultural income determination. The case involved addition under section 69 for difference between admitted and net agricultural income. The assessee filed an affidavit dated 15.02.2018 claiming only agricultural activity as income source without disputed investments. Neither the AO nor CIT(A) discussed or disputed the affidavit contents, and the assessee was not cross-examined. The tribunal held that sworn affidavit averments must be accepted unless rebutted by evidence, directing deletion of the addition made by AO. Case-Laws Income Tax Mon, 13 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757038