https://www.taxtmi.com/caselaws?id=418730 The ITAT upheld the Assessing Officer's decision on the addition of capital and rental income, dismissing the appeal. The appellant failed to provide concrete evidence supporting agricultural income and proper bookkeeping. The challenge on interest levy and penalty initiation was also rejected as inherent to the Assessment Order. Allegations of breach of Natural Justice principles were dismissed due to lack of evidence. Overall, the appellant's failure to meet the burden of proof and address discrepancies led to the unfavorable outcome of the appeal. en-us Tue, 15 Feb 2022 00:00:00 +0530 Tue, 22 Feb 2022 10:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418730 The ITAT upheld the Assessing Officer's decision on the addition of capital and rental income, dismissing the appeal. The appellant failed to provide concrete evidence supporting agricultural income and proper bookkeeping. The challenge on interest levy and penalty initiation was also rejected as inherent to the Assessment Order. Allegations of breach of Natural Justice principles were dismissed due to lack of evidence. Overall, the appellant's failure to meet the burden of proof and address discrepancies led to the unfavorable outcome of the appeal. Case-Laws Income Tax Tue, 15 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418730