https://www.taxtmi.com/caselaws?id=783077 ITAT Rajkot partly allowed the assessee's appeal against additions treating gross agricultural receipts as unexplained income. The assessee, a small farmer deriving agricultural and tuition income, produced 7/12 extracts, 8-A forms and income-expenditure accounts to substantiate agricultural activities. The AO neither found these documents bogus nor pointed out specific defects, yet added the entire gross receipts as unexplained. ITAT held that while the evidences support genuine agricultural operations, certain inconsistencies in records warranted a reasonable estimation. To balance both, ITAT directed application of a 10% net profit rate on both impugned additions, granting partial relief to the assessee. en-us Thu, 04 Dec 2025 00:00:00 +0530 Mon, 08 Dec 2025 12:54:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783077 ITAT Rajkot partly allowed the assessee's appeal against additions treating gross agricultural receipts as unexplained income. The assessee, a small farmer deriving agricultural and tuition income, produced 7/12 extracts, 8-A forms and income-expenditure accounts to substantiate agricultural activities. The AO neither found these documents bogus nor pointed out specific defects, yet added the entire gross receipts as unexplained. ITAT held that while the evidences support genuine agricultural operations, certain inconsistencies in records warranted a reasonable estimation. To balance both, ITAT directed application of a 10% net profit rate on both impugned additions, granting partial relief to the assessee. Case-Laws Income Tax Thu, 04 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783077