Professional agriculturist's income exempted despite lack of books; genuine agri-income based on consistent declaration.

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....Income derived from agricultural activities is exempt u/s 10(1) of the Act. The assessee, a professional agricultural graduate, consistently declared agricultural income over multiple years. Despite not maintaining books as per Section 44AA, the assessee provided bills for sale of agricultural produce, even to related parties. As an agriculturist, the assessee is not mandated to maintain books u/s 44A. The agricultural expenses were met from seedlings sales, and the income declaration appears genuine based on the regularity and consistency observed. Considering these factors, the disallowance of agricultural income by the Assessing Officer is unwarranted, and the assessee's grounds are allowed by the Appellate Tribunal.....