1987 (11) TMI 132 - AT - Income Tax

Summary

The appellate tribunal ITAT Jaipur ruled in favor of the assessee, holding that the disputed income from nursery activities should be considered as agricultural income and not from undisclosed sources. The tribunal found no evidence of interpolations in cash memos and accepted the explanations provided by the assessee, leading to the deletion of the addition of Rs. 50,000. The appeal was allowed.