https://www.taxtmi.com/caselaws?id=395128 The Tribunal allowed the appeal, deleting the addition of Rs. 22,50,000 under section 69B of the Income Tax Act, 1961. The Tribunal found the assessee adequately explained the source of the deposit, emphasizing the difficulty in establishing agricultural income with concrete evidence. Given the economic conditions and the potential for individuals in certain professions to earn significant amounts daily, the Tribunal deemed the addition unjustified. Consequently, the Tribunal set aside the lower authorities' orders and removed the addition, ruling in favor of the assessee. en-us Mon, 03 Feb 2020 00:00:00 +0530 Thu, 07 May 2020 09:58:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395128 The Tribunal allowed the appeal, deleting the addition of Rs. 22,50,000 under section 69B of the Income Tax Act, 1961. The Tribunal found the assessee adequately explained the source of the deposit, emphasizing the difficulty in establishing agricultural income with concrete evidence. Given the economic conditions and the potential for individuals in certain professions to earn significant amounts daily, the Tribunal deemed the addition unjustified. Consequently, the Tribunal set aside the lower authorities' orders and removed the addition, ruling in favor of the assessee. Case-Laws Income Tax Mon, 03 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395128