https://www.taxtmi.com/caselaws?id=422684 The Tribunal upheld the addition of Rs. 2.49 Crores as income under "Other Sources" from the sale of agricultural land, Rs. 2.26 Crores as unaccounted income from unregistered chit and finance business, and Rs. 15 Lakhs as unexplained expenditure for gifts. However, it directed the deletion of the addition of Rs. 17 Crores as unexplained expenditure for alleged cash distribution to voters due to lack of corroborative evidence and speculative nature of the findings. The Revenue's appeal was dismissed, and the deletions were upheld. en-us Fri, 13 May 2022 00:00:00 +0530 Fri, 20 May 2022 09:01:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422684 The Tribunal upheld the addition of Rs. 2.49 Crores as income under "Other Sources" from the sale of agricultural land, Rs. 2.26 Crores as unaccounted income from unregistered chit and finance business, and Rs. 15 Lakhs as unexplained expenditure for gifts. However, it directed the deletion of the addition of Rs. 17 Crores as unexplained expenditure for alleged cash distribution to voters due to lack of corroborative evidence and speculative nature of the findings. The Revenue's appeal was dismissed, and the deletions were upheld. Case-Laws Income Tax Fri, 13 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422684