In the result, the Revenue’s appeal is allowed on the foregoing terms

Bench: Shri Sanjay Arora & Ms. Kavitha Rajagopalthe Income Tax Officer Babu Chandrathil George Non Corporate Ward 1(1) 32/1173 Chandrathil House Kochi Vs. Civle Line Road, Palarivattom Kochi 682025 [Pan: Agzpg7680D] (Appellant) (Respondent)

section 143(3) of the Income Tax Act, 1961 (the Act) dated 30.12.2017 for Assessment Year (AY) 2015-16. 2. The facts of the case in brief are that the assessee returning agricultural income at Rs.360.64 lakhs, besides total income of Rs.39.31 lakhs, the same was selected for being subject to the verification procedure under the Act, to examine, inter