2011 (3) TMI 1818

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.... the addition of agricultural income of ₹ 3,38,370/- out of the addition of ₹ 3,67,400/- made by the Assessing Officer. 3. Rival contentions have been heard and record perused. Brief facts of the case are that the assessee late Shri M.P. Padanabhan had shown taxable income from pension of ₹ 38,400/- and claimed exempted agricultural income of ₹ 8,81,300/-. The assessee owned agricultural land in Kerala as well as agricultural land measuring 18.86 acres in Ratanpur Area, Bhopal. The Assessing Officer noted in the assessment order that the assessee had shown agricultural income at ₹ 8,81,300/- as under - Agricultural income from Kerala ₹ 3,23,900/- Agricultural income from Agricultural land in Bhopal &#837....

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.... agricultural proceeds and expenses incurred and the Assessing Officer has not raised any specific objection against this. It was contended that the total agricultural income shown by the assessee consisted of three crops i.e. one crop of the earlier year and two crop of the year under consideration. It was argued that the Assessing Officer was not justified in making adhoc addition without any valid reason. The assessee had also furnished details of sale proceeds and expenditure incurred which was furnished before the Assessing Officer. Thus, it was contended that the assessee had earned net agricultural income of ₹ 6,21,270/- (₹ 8,20,770 - ₹ 1,99,500) from the agricultural land at Ratanpur, Bhopal and the Assessing Offic....