2023 (3) TMI 1226

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....evenue : Shri Gudimella VP Pavan Kumar , JCIT ORDER Per: George George K. , J. M. This appeal at the instance of the assessee is directed against the order of the Commissioner of Income Tax (Appeals) [CIT(A)] - 11, Bangalore dated 12.10.2022. The relevant assessment year is 2014-15. 2. The solitary issue that was argued was whether the CIT(A) is justified in confirming the addition of ....

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....ri Ravi Kumar stating that he had received sale proceeds on agricultural produce. The AO, however, treated the explanation of the assessee as not creditworthy for the reason that no such agreement was produced by the assessee in the earlier years and his agricultural income was not being fully accepted by the Assessing Officers in those years. The AO noted, the claim of the assessee is not substan....

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....e relevant period did not pertain to the entire land ownership but only with regard to one acre of land. The CIT(A) was of the view that there is nothing on record to suggest that the assessee has earned such huge agricultural income of Rs.60,00,000/- out of 19.72 acres. 5. Aggrieved by the order of the CIT(A) the assessee has filed the present appeal before the Tribunal. The assessee has filed....

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....as earned Rs.60,00,000/- from 19.72 acres cannot be believed. 7. We have heard the rival contentions and perused the material on record. The admitted fact is that the assessee has claimed agricultural income of Rs.60,00,000/- from 19.72 acres. In the past years also the claim of the assessee of having earned agricultural income has been disbelieved by the AO and a portion of the agricultural in....