Friday, 4 July 2014

Missing agricultural income in previous year’s return confirms denial of sec. 10(37) exemption for t

IT: Where on perusal of earlier return filed by assessee, it was found that agricultural income shown was nil and assessee was unable to dispute that land was falling within municipal limits and, it could not be conclusively held that agricultural activities were being carried on land, petitioner was not entitled for benefit under section 10(37)


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