To,

Income Tax Officer,

Ward-3(1)
Varanasi
Ref: Notice U/s 133(6) Notice no.ITBA/AST/S/133(6)2019-20/1023778172(1) dt 10.01.2020

Sub: Submission of Reply in case of Sanjay Kumar Singh (PAN No.BMKPS3003C)

R/o Rauna ,Kala,Varanasi UP 221104 for the A.Y 2013-14

Sir,

With reference to your above referred notice and the requirements pertaining to queries
overleaf the same, the assessee above named begs to submit as follows:

1. That the assessee is farmer & main source of income is receipt from the sale of
agricultural products.

2. The Details of All bank account are as follows:-

S.No Name Branch A/c No. Nature of Total Cash Total

of Address A/c deposits deposits
Bank during FY including
2012-13 cash
deposits
during FY
2012-13
1. Union Gosai pur 360502010 Saving 20,30,000.00 28,30,500.00
Bank of mohaon, 018188
India Varanasi

Statement of Bank account for the FY 2012-13 has been enclosed for your
reference.-Pg No.
3. That the assessee was the owner of agricultural land at Mauza-Munari,Pargana-
Katehar, District-Varanasi which was sold on 12.06.2012 for Rs.825000 & had
received the amount in cash & the same was deposited in the bank account.
Assessee had another agricultural land in the joint name of assessee Shri Sanjay
Singh & Shri Raj Pratap Singh at Mauza-Munari,Pargana-Katehar, Arazi
no.614,Area 0.721 hectare which was sold on 06.06.2012 for Rs.25,00,000.The share
of assessee was 50% & had received Rs.12,50,000.00 in cash. The same was
deposited in his bank account.
Sale deed has been enclosed for your reference –Pg. No.

4. That the assessee is farmer & main source of income is receipt from the sale of
agricultural products which is exempt from tax u/s 10(1) of the Income tax Act
1961.
It is further noted that amount received on sale of agricultural land is also not
taxable under Income Tax Act 1961.As Agricultural land does not fall under
definition of capital asset under Income tax act 1961.

5. That the copy of computation of Income Tax for A.Y 2013-14 has been enclosed for
your reference –Pg. No.

6. That the statement of account & affairs/capital account & balance sheet for the year
ending on 31.03.2013 i.e 01.04.2012-31.03.2013 has been enclosed for your reference-
Pg No.

7. The main source of income of assessee is agricultural income which is exempt from
tax. The assessee has sold agricultural land, the proceed of which is also not taxable
under Income tax act 1961.Assessee has some of investment in form flexi deposit
created out of money saved from past savings & sale of agricultural land. The total
income of assessee is below taxable limit, hence the assessee was not required to
file income tax u/s 139(1) of Income tax Act 1961.
It is hoped that the information submitted will do the needful. However, the need
be of any other information, the pleasure will be ours to comply with the same after
listening to from your good self.

Thanking You,

Yours faithfully,

(Counsel for the assessee)

Date: 20.02.2020
Place: Varanasi