https://www.taxtmi.com/highlights?id=64260 Source of Cash deposited into the Bank Account - Agricultural income - advances received from customers in land transactions - CIT(A) ought to have considered the agricultural activity. It is also noted it was claimed by the assessee that the advances received from customers were refunded before year end but we find no such verification done by both the authorities below to confirm whether such advances were refunded or not. - We deem it proper to restrict the addition on account of non furnishing of requisite details regarding the refund made to customers on account of advances received on land transactions. - AT en-us Sat, 25 Jun 2022 10:45:37 +0530 Sat, 25 Jun 2022 10:45:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=64260 Source of Cash deposited into the Bank Account - Agricultural income - advances received from customers in land transactions - CIT(A) ought to have considered the agricultural activity. It is also noted it was claimed by the assessee that the advances received from customers were refunded before year end but we find no such verification done by both the authorities below to confirm whether such advances were refunded or not. - We deem it proper to restrict the addition on account of non furnishing of requisite details regarding the refund made to customers on account of advances received on land transactions. - AT Highlights Income Tax Sat, 25 Jun 2022 10:45:37 +0530 https://www.taxtmi.com/highlights?id=64260