https://www.taxtmi.com/highlights?id=103987 Genuineness of agricultural receipts requires evidence of actual cultivation, including land details, crops and plantations, irrigation facilities, labour, horticultural borrowings and supporting photographs. Where such material establishes extensive agricultural operations, the reasonableness of net agricultural income must be assessed after accounting for disclosed cultivation expenditure and the scale of activity. Treating full gross agricultural receipts as income without allowing cultivation costs disregards the distinction between gross receipts and net income. Absence of cash deposits or unexplained investments may further support the stated agricultural source. en-us Mon, 21 Sep 2026 08:57:05 +0530 Mon, 21 Sep 2026 08:57:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=103987 Genuineness of agricultural receipts requires evidence of actual cultivation, including land details, crops and plantations, irrigation facilities, labour, horticultural borrowings and supporting photographs. Where such material establishes extensive agricultural operations, the reasonableness of net agricultural income must be assessed after accounting for disclosed cultivation expenditure and the scale of activity. Treating full gross agricultural receipts as income without allowing cultivation costs disregards the distinction between gross receipts and net income. Absence of cash deposits or unexplained investments may further support the stated agricultural source. Highlights Income Tax Mon, 21 Sep 2026 08:57:05 +0530 https://www.taxtmi.com/highlights?id=103987