https://www.taxtmi.com/caselaws?id=366412 The Tribunal allowed the appeal in favor of the assessee, deleting the addition of Rs. 1,62,50,000 made by the Assessing Officer and confirmed by the CIT(A). The Tribunal found that the amount deposited in the bank was part of the sale proceeds of agricultural land and was wrongly credited to the assessee's account due to a banking error. The Tribunal noted that the authorities failed to consider the evidence provided by the assessee, including statements from family members and the bank manager, leading to the decision in favor of the assessee. en-us Mon, 27 Aug 2018 00:00:00 +0530 Tue, 04 Sep 2018 08:11:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366412 The Tribunal allowed the appeal in favor of the assessee, deleting the addition of Rs. 1,62,50,000 made by the Assessing Officer and confirmed by the CIT(A). The Tribunal found that the amount deposited in the bank was part of the sale proceeds of agricultural land and was wrongly credited to the assessee's account due to a banking error. The Tribunal noted that the authorities failed to consider the evidence provided by the assessee, including statements from family members and the bank manager, leading to the decision in favor of the assessee. Case-Laws Income Tax Mon, 27 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366412