Judgement

The ITAT Bangalore holds cash deposits during demonetization period cannot be treated as unexplained when agricultural source is substantiated

ITAT Accepts Cash Deposits as Out of Accumulated Agricultural Income

The ITAT Bangalore held that the assessee deserved one more opportunity to substantiate the claim before the tax authorities. 

ITAT Remands Section 69A Addition After Assessee Produces Evidence Supporting Agricultural Income

ITAT granted Rs 36.42 lakh relief to a taxpayer by holding that past agricultural savings could not be completely ruled out and restricting the addition to Rs 10 lakh.

Agricultural Income Cannot Be Rejected Entirely: ITAT Restricts Addition to Rs 10 Lakh, Grants Rs 36.42 Lakh Relief

The ITAT Visakhapatnam Rules Mere ownership of agricultural land cannot establish that cash deposited during the demonetisation period represented agricultural income


ITAT Rules Cash Deposits During Demonetisation Not Fully Explained by Agricultural Income Claim

ITAT adopts actual purchase value and accepts agricultural income, deleting unexplained investment addition entirely.

ITAT Deletes Addition, Accepts Agricultural Income as Source of Land Investment

The ITAT deleted a Rs 31.76 lakh Section 69A addition after finding sufficient evidence supporting the assessee’s agricultural income claim.

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ITAT Accepts Cash Deposits as Out of Accumulated Agricultural Income

ITAT Remands Section 69A Addition After Assessee Produces Evidence Supporting Agricultural Income

Agricultural Income Cannot Be Rejected Entirely: ITAT Restricts Addition to Rs 10 Lakh, Grants Rs 36.42 Lakh Relief

ITAT Rules Cash Deposits During Demonetisation Not Fully Explained by Agricultural Income Claim

ITAT Deletes Addition, Accepts Agricultural Income as Source of Land Investment

ITAT Deletes Rs 31.76 Lakh Section 69A Addition, Accepts Farmer’s Agricultural Income Claim