https://www.taxtmi.com/caselaws?id=176645 Cultivation and growing of flowers were treated as agricultural operations, so floriculture income was accepted as agricultural income. The addition for introduction of capital from unexplained sources was not sustained because bank extracts and confirmation evidence satisfactorily explained the funds introduced. The deletion of the addition arising from the difference between opening and closing capital balances was also upheld, as the discrepancy was reconciled through separate capital accounts and supporting material, and no impermissible reliance on additional evidence was found. The appellate findings in favour of the assessee were therefore affirmed on all grounds. en-us Wed, 23 Jan 2013 00:00:00 +0530 Fri, 25 Dec 2015 12:33:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176645 Cultivation and growing of flowers were treated as agricultural operations, so floriculture income was accepted as agricultural income. The addition for introduction of capital from unexplained sources was not sustained because bank extracts and confirmation evidence satisfactorily explained the funds introduced. The deletion of the addition arising from the difference between opening and closing capital balances was also upheld, as the discrepancy was reconciled through separate capital accounts and supporting material, and no impermissible reliance on additional evidence was found. The appellate findings in favour of the assessee were therefore affirmed on all grounds. Case-Laws Income Tax Wed, 23 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176645