https://www.taxtmi.com/caselaws?id=374539 Unexplained bank deposits in a joint account operated by either spouse need not be attributed wholly to one co-holder; the unexplained credits were apportioned and only 50% was treated as assessable in the assessee's hands. Agricultural income may also be accepted on reasonable estimate where the assessee owns substantial agricultural land and surrounding facts make such income probable, even if an agreement produced as additional evidence is rejected under Rule 46A. On that basis, a further reduction of the unexplained addition was warranted, leaving only the balance taxable. en-us Wed, 30 Jan 2019 00:00:00 +0530 Mon, 04 Feb 2019 07:05:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374539 Unexplained bank deposits in a joint account operated by either spouse need not be attributed wholly to one co-holder; the unexplained credits were apportioned and only 50% was treated as assessable in the assessee's hands. Agricultural income may also be accepted on reasonable estimate where the assessee owns substantial agricultural land and surrounding facts make such income probable, even if an agreement produced as additional evidence is rejected under Rule 46A. On that basis, a further reduction of the unexplained addition was warranted, leaving only the balance taxable. Case-Laws Income Tax Wed, 30 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374539