1992 (3) TMI 124

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....regard to receipt of Rs. 16,746 as miscellaneous income. 2. Appearing for the assessee Shri B.R. Juneja submitted that the assessee carried out farming activity of growing of various foodgrains and during the rainy days, he utilised the same land, which is in low lying areas, for fish farming. He submitted that the land being in a low lying area, the water collects and it becomes a pond. He uses ....

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.... various fertilizers and predators and control of fish diseases and the method of handling of fishes are regulated and they are caught and then finally marketed. Out of total expenditure of Rs. 92,422, Rs. 6,580 is directly incurred on maintenance of fishes. Out of balance of Rs. 85,842, the assessee claimed proportionate deduction of expenditure on account of income from fish, based on the propor....