TaxTMI 
TaxTMI 
2017 (3) TMI 1946
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....venue : Smt. Swapna Das, JCIT(DR) ORDER Per INTURI RAMA RAO, AM : These are cross appeals filed by the assessee as well as the revenue directed against the order of the Commissioner of Income-tax (Appeals) [CIT(A)], Mysore, dated 17/03/2015 for the assessment year 2011-12. 2. Briefly facts of the case are as under: The assessee is an HUF. Return of income for the assessment year 2011-12 was....
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.... and Mango trees were grown on the land. Subsequently, by order dated 14/06/1988 passed by the Asst. Commissioner, Land Revenue, land was converted for industrial purpose for the purpose of silk reeling industry. For some reason, industry could not be put up on the land and the assessee was continuing to use the land for agricultural purpose by growing mango farm. It is undisputed fact that the la....
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.... the assessee, assessee is in appeal before us in ITA No.1083/Bang/2015 . The assessee raised the following grounds of appeal: 6. The main grievance of the assessee is that though the land was converted for industrial purpose, agricultural operations were continued to be carried on in the land and therefore, same should have been treated as agricultural land. In support of this proposition, learn....
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....n the character of land is shown as non-agricultural in the revenue records. Therefore, submission of the learned counsel for the assessee that the land continues to be agricultural land cannot be accepted. 8. In the result, the appeal filed by the assessee is dismissed. 9. The revenue has come up in appeal before us in ITA No.1083/Bang/2015 challenging the direction of the CIT(A) to allow deduc....