https://www.taxtmi.com/caselaws?id=344772 The ITAT Cochin partially allowed the appeal for statistical purposes, directing the Assessing Officer to reexamine the addition made under section 69A of the I.T. Act amounting to Rs. 10,05,000. The ITAT found that deposits totaling Rs. 4,51,000 were adequately explained by agricultural income and other sources, supported by evidence. The judgment emphasized the necessity of establishing a clear correlation between cash deposits and their sources, particularly in cases involving additions under section 69A of the Income Tax Act. en-us Wed, 26 Apr 2017 00:00:00 +0530 Tue, 27 Jun 2017 15:53:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344772 The ITAT Cochin partially allowed the appeal for statistical purposes, directing the Assessing Officer to reexamine the addition made under section 69A of the I.T. Act amounting to Rs. 10,05,000. The ITAT found that deposits totaling Rs. 4,51,000 were adequately explained by agricultural income and other sources, supported by evidence. The judgment emphasized the necessity of establishing a clear correlation between cash deposits and their sources, particularly in cases involving additions under section 69A of the Income Tax Act. Case-Laws Income Tax Wed, 26 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344772