https://www.taxtmi.com/caselaws?id=415325 The Tribunal partially allowed the appeal, deleting the addition of Rs. 28,00,000 and the consequential interest income of Rs. 51,083, while confirming the addition of Rs. 60,000 as agricultural income. The Tribunal emphasized avoiding double taxation and requiring reassessment proceedings to be supported by concrete evidence. The reassessment order was deemed legally unsustainable due to lack of evidence and unsubstantiated allegations. en-us Tue, 11 May 2021 00:00:00 +0530 Thu, 02 Dec 2021 17:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415325 The Tribunal partially allowed the appeal, deleting the addition of Rs. 28,00,000 and the consequential interest income of Rs. 51,083, while confirming the addition of Rs. 60,000 as agricultural income. The Tribunal emphasized avoiding double taxation and requiring reassessment proceedings to be supported by concrete evidence. The reassessment order was deemed legally unsustainable due to lack of evidence and unsubstantiated allegations. Case-Laws Income Tax Tue, 11 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415325