2017 (1) TMI 1686

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....DICIAL MEMBER This assessee's appeal for assessment year 2010-11 arises against the CIT(A)-II, Baroda's order dated 29. 10.2014, in appeal no. CAB/II-225/13- 14 in proceedings under section 143(3) of the Income Tax Act, 1961; in short "the Act". 2. Assessee's former substantive ground challenges both the lower authorities' action in making unexplained agriculture expenses of Rs. 3,11,651/- u/s.....

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.... We reiterate first of all that both the authorities below have disallowed the impugned agricultural expenses @35% of the gross agricultural income thereby enhancing assessee's expenses declared @16.5% (supra). The assessee fails to pinpoint any specific cogent evidence in the case file so as to buttress its case to have derived the impugned agricultural income at a net figure of 85% of the gross ....

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....The Assessing Officer observed that the assessee had not furnished any evidence regarding ownership of the vehicles in question followed by their utilization for the purposes of the business of seven firms wherein he is a partner. He further noticed that there was no proof by way of vouchers and bills etc. regarding other claims of expenditure. 5. We now come to the CIT(A)'s order wherein he obs....