https://www.taxtmi.com/caselaws?id=414919 The Tribunal partially allowed the appeal, directing the Assessing Officer to tax only 10% of the total amount as profit/income from the sale of paddy and deleting the remaining amount. The Tribunal held that the assessee substantiated the source of cash deposits from the sale of agricultural products with evidence, rendering section 68 of the IT Act inapplicable. The decision aligned with principles established by the Hon'ble Gujarat High Court in analogous cases. en-us Mon, 14 Jun 2021 00:00:00 +0530 Sat, 20 Nov 2021 09:55:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414919 The Tribunal partially allowed the appeal, directing the Assessing Officer to tax only 10% of the total amount as profit/income from the sale of paddy and deleting the remaining amount. The Tribunal held that the assessee substantiated the source of cash deposits from the sale of agricultural products with evidence, rendering section 68 of the IT Act inapplicable. The decision aligned with principles established by the Hon'ble Gujarat High Court in analogous cases. Case-Laws Income Tax Mon, 14 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414919