https://www.taxtmi.com/caselaws?id=387951 The Tribunal partially upheld the CIT(A)'s decision regarding the addition under section 69A r.w.s. 115BBE of the Income Tax Act, accepting the source of deposit and past savings. Additionally, the Tribunal sustained the Assessing Officer's estimation of agricultural income based on evidence such as tenant statements and payment records, validating a portion of the declared income. Concerns raised by the appellant regarding the rejection of evidence supporting declared agricultural income were partially addressed, with the Tribunal justifying the addition by considering past savings and verifying agricultural activities. The Tribunal allowed the appeal in part concerning the levy of interest under section 234B of the Act, providing a favorable outcome for the appellant on certain grounds. en-us Mon, 14 Oct 2019 00:00:00 +0530 Tue, 05 Nov 2019 15:45:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387951 The Tribunal partially upheld the CIT(A)'s decision regarding the addition under section 69A r.w.s. 115BBE of the Income Tax Act, accepting the source of deposit and past savings. Additionally, the Tribunal sustained the Assessing Officer's estimation of agricultural income based on evidence such as tenant statements and payment records, validating a portion of the declared income. Concerns raised by the appellant regarding the rejection of evidence supporting declared agricultural income were partially addressed, with the Tribunal justifying the addition by considering past savings and verifying agricultural activities. The Tribunal allowed the appeal in part concerning the levy of interest under section 234B of the Act, providing a favorable outcome for the appellant on certain grounds. Case-Laws Income Tax Mon, 14 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387951