https://www.taxtmi.com/caselaws?id=422639 Contemporaneous sale documents, the timing of the cash deposit, surrounding circumstances, and related bank entries established a direct nexus between the bank deposit and the family's agricultural land sale. Applying the test of human probabilities, the deposit was accepted as explained and not treated as unexplained income. The land was also treated as agricultural land, so once the source of funds was linked to that transaction, the addition could not survive. en-us Wed, 18 May 2022 00:00:00 +0530 Thu, 19 May 2022 17:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422639 Contemporaneous sale documents, the timing of the cash deposit, surrounding circumstances, and related bank entries established a direct nexus between the bank deposit and the family's agricultural land sale. Applying the test of human probabilities, the deposit was accepted as explained and not treated as unexplained income. The land was also treated as agricultural land, so once the source of funds was linked to that transaction, the addition could not survive. Case-Laws Income Tax Wed, 18 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422639