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Income Tax - Highlights / Catch Notes

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The appeal pertains to the Assessment Year 2017-18, with the ...


Tax Tribunal Overturns Cash Deposit Additions; Supports Appellant's Declared Agricultural Income for 2017-18.

March 12, 2024

Case Laws     Income Tax     AT

The appeal pertains to the Assessment Year 2017-18, with the appellant contesting the rejection of agricultural income and the addition of cash deposits during demonetization. The appellant provides comprehensive documentation supporting both claims, while the department fails to furnish conclusive evidence against them. The ITAT finds in favor of the appellant, deleting the additions made by the Assessing Officer.

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