DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-4,, NAGPUR vs. SONU MONU AGRO PRIVATE LIMITED, NAGPUR
In the result, Department's appeal stands dismissed
ITA 62/NAG/2024[2020-21]Status: DisposedITAT Nagpur03 Mar 2025AY 2020-21
Section 10(1)Section 143(2)Section 14A(1)
depreciation of Rs.\n4,20.23.114/- and the expenses claimed against impungned agriculture\nincome are liable to be disallowed and required to be added back to the total\nincome of the assessee. As per section 10(1) of the I.T. Act, 1961, the\nagriculture income is the income which do not form part of total income and as\nper section 14A
