https://www.taxtmi.com/caselaws?id=408038 The Tribunal partly allowed the appeal against the assessment order, finding the cash deposits were from the sale of agricultural land, exempt under the Income Tax Act. The Tribunal fully allowed the appeal against the penalty order, citing improper service of notice and insufficient evidence for the addition made by the assessing officer. The appellant's contentions were supported by evidence, leading to the deletion of the addition and the consequent overturning of the penalty imposition. en-us Fri, 28 May 2021 00:00:00 +0530 Sat, 29 May 2021 08:30:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408038 The Tribunal partly allowed the appeal against the assessment order, finding the cash deposits were from the sale of agricultural land, exempt under the Income Tax Act. The Tribunal fully allowed the appeal against the penalty order, citing improper service of notice and insufficient evidence for the addition made by the assessing officer. The appellant's contentions were supported by evidence, leading to the deletion of the addition and the consequent overturning of the penalty imposition. Case-Laws Income Tax Fri, 28 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408038