Jesal Jatin Desai vs. Income Tax Officer

Parties Involved

Facts Summary

The assessee, Jesal Jatin Desai, appealed against the order of the National Faceless Appeal Centre, Delhi, dated 22.04.2024, which arose from an assessment order passed by the Assessing Officer under section 143(3) of the Income Tax Act, 1961, dated 30.12.2019. The assessee, an individual and partner of various firms, earned income from business, capital gains, and other sources. The assessee reported agricultural income of Rs.8,10,470/- for the assessment year 2017-18. The Assessing Officer disallowed the agricultural income due to the absence of supporting evidence in the form of bills or invoices for the sale of agricultural yield or expenditure bills. The assessee argued that there is no practice of obtaining such receipts in agricultural activities and that the agricultural product was shown in the local market. The assessee cited previous years' agricultural income and agricultural holding records to support their claim.…

Legal Issues

• 1. Whether the agricultural income reported by the assessee is allowable under the Income Tax Act?

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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