https://www.taxtmi.com/caselaws?id=799368 Agricultural receipts supported by evidence of actual cultivation, plantations, crops, irrigation facilities, labour engagement, horticultural finance and related expenditure are agricultural income rather than unexplained taxable income. Net income declared after agricultural expenditure may be accepted where it is reasonable for the scale of cultivation and crops grown. In the absence of unexplained deposits, investments or another identified non-agricultural source, assessing the entire gross agricultural receipts without allowing cultivation expenditure is unjustified. The substantiated agricultural income is therefore not liable to be taxed as unexplained income. en-us Wed, 29 Jul 2026 00:00:00 +0530 Mon, 21 Sep 2026 08:57:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799368 Agricultural receipts supported by evidence of actual cultivation, plantations, crops, irrigation facilities, labour engagement, horticultural finance and related expenditure are agricultural income rather than unexplained taxable income. Net income declared after agricultural expenditure may be accepted where it is reasonable for the scale of cultivation and crops grown. In the absence of unexplained deposits, investments or another identified non-agricultural source, assessing the entire gross agricultural receipts without allowing cultivation expenditure is unjustified. The substantiated agricultural income is therefore not liable to be taxed as unexplained income. Case-Laws Income Tax Wed, 29 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799368