https://www.taxtmi.com/caselaws?id=390608 The appeal was allowed, and the additions made by the Assessing Officer (A.O.) were not upheld. The court emphasized the necessity of establishing the source of income and the genuineness of transactions to prevent unjustified additions in assessments. The court found that the cash deposits were from the sale of agriculture land, supported by confirmation from involved parties and relevant documentation. Additionally, the income deposited in the bank account was deemed to be from agricultural activities, adequately supported by evidence, leading to the deletion of the addition of agriculture income as income from other sources. en-us Fri, 03 Jan 2020 00:00:00 +0530 Tue, 07 Jan 2020 08:15:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390608 The appeal was allowed, and the additions made by the Assessing Officer (A.O.) were not upheld. The court emphasized the necessity of establishing the source of income and the genuineness of transactions to prevent unjustified additions in assessments. The court found that the cash deposits were from the sale of agriculture land, supported by confirmation from involved parties and relevant documentation. Additionally, the income deposited in the bank account was deemed to be from agricultural activities, adequately supported by evidence, leading to the deletion of the addition of agriculture income as income from other sources. Case-Laws Income Tax Fri, 03 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390608