https://www.taxtmi.com/caselaws?id=263823 Reasonable sources of investment, including opening cash balance and agricultural income, should not be rejected merely on suspicion when supported by the facts and no contrary material is produced. The opening cash balance of Rs. 2,88,000 was accepted as a genuine source, and the agricultural income from 6.73 acres was accepted at Rs. 2,50,000, as the lower estimate was found unjustified. On the property investment issue, no further relief was granted because the first appellate authority had already corrected the duplicated component and no material showed the remaining addition to be unsustainable. en-us Wed, 26 Aug 2015 00:00:00 +0530 Fri, 11 Sep 2015 08:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263823 Reasonable sources of investment, including opening cash balance and agricultural income, should not be rejected merely on suspicion when supported by the facts and no contrary material is produced. The opening cash balance of Rs. 2,88,000 was accepted as a genuine source, and the agricultural income from 6.73 acres was accepted at Rs. 2,50,000, as the lower estimate was found unjustified. On the property investment issue, no further relief was granted because the first appellate authority had already corrected the duplicated component and no material showed the remaining addition to be unsustainable. Case-Laws Income Tax Wed, 26 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263823