2025 (4) TMI 1885

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.... Pushpa Hemachand, JCIT ORDER PER JAGADISH, A.M: Aforesaid appeal filed by the assessee for Assessment Year (AY) 2021-22 arises out of the order of Learned Commissioner of Income Tax, Appeal, Addl/JCIT(A)-1, Nasik [hereinafter "Addl. CIT(A)"] dated 02.07.2024. 2. The only ground of appeal in this appeal of assessee is against in confirming the addition of Rs. 25,00,000/- made by CPC, B....

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....ration on sale from Agricultural land (exempt) 25,00,000 3 Net agricultural income (exempt) 23,440   Total 26,43,440 5. The Ld. AR has submitted that above income do not find place in profit and loss account as the profit and loss account and audit report was only relating to the textile business, for which the books of accounts were maintained. The Ld A.R submitted th....

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....oned amount of Rs. 26,43,400/- as amount not credited to the profit and loss account. The assessee in Form- 3CD, under coloumn No. 15, also has reported income not credited to P&L account, comprising of Rs. 1,20,000/- from milk sales Rs. 25,00,000/- as consideration from sale of agricultural land, and Rs. 23,440/- as net agricultural income. Based on the above information, the CPC has added Rs. 26....