Cash deposit in bank account treated as unexplained income - ...

Tribunal Partially Upholds Discrepancy in Agricultural Income, Adds Rs. 2,24,000 to Appellant's Declared Income.

May 6, 2024

Case Laws Income Tax AT

Cash deposit in bank account treated as unexplained income - Agricultural income or not? - The Tribunal found discrepancies in the appellant's claims regarding agricultural income. While accepting that the appellant is an agriculturist, the Tribunal determined that the entire agricultural income claimed by the appellant could not be justified. However, they accepted the explanation regarding cash withdrawals and upheld the addition to the extent of Rs. 2,24,000/-, deleting the remaining amount.

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Cash deposit in bank account treated as unexplained income - ...

Tribunal Partially Upholds Discrepancy in Agricultural Income, Adds Rs. 2,24,000 to Appellant's Declared Income.

May 6, 2024

Case Laws Income Tax AT

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