https://www.taxtmi.com/caselaws?id=762453 ITAT PATNA reduced agricultural income addition by directing AO to apply 45% net profit rate instead of 30%, resulting in deletion of Rs. 66,825 from total addition while sustaining Rs. 15,525. The tribunal found AO's calculation lacked scientific basis. Regarding protective addition in assessee's hands for spouse's income, ITAT deleted the addition, ruling that the spouse was independently assessed and co-owned land, making the inclusion in husband's hands based on presumptions without substantive evidence. Appeal partly allowed. en-us Wed, 27 Nov 2024 00:00:00 +0530 Mon, 02 Dec 2024 08:53:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762453 ITAT PATNA reduced agricultural income addition by directing AO to apply 45% net profit rate instead of 30%, resulting in deletion of Rs. 66,825 from total addition while sustaining Rs. 15,525. The tribunal found AO's calculation lacked scientific basis. Regarding protective addition in assessee's hands for spouse's income, ITAT deleted the addition, ruling that the spouse was independently assessed and co-owned land, making the inclusion in husband's hands based on presumptions without substantive evidence. Appeal partly allowed. Case-Laws Income Tax Wed, 27 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762453