Dept can’t insist to produce Vouchers for Agricultural Produces traded in Local Markets: ITAT allows Expenses [Read Order]

The Income Tax Appellate Tribunal (ITAT), Chennai bench has held that the income tax department cannot insist the assessee to produce vouchers for agricultural produces traded in the local markets. The assessee disclosed a sum of Rs. 20,00,000/- from agriculture. However, the Assessing Officer restricted the same to ₹12,00,000/- and the remaining amount of ₹8 […]

The post Dept can’t insist to produce Vouchers for Agricultural Produces traded in Local Markets: ITAT allows Expenses [Read Order] appeared first on Taxscan | Simplifying Tax Laws.

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