https://www.taxtmi.com/caselaws?id=306509 The Tribunal allowed the appeal of the assessee, deleting the addition sustained by the Ld. CIT(A) of Rs. 13,68,850 out of a total addition of Rs. 26,68,850 made by the A.O. The Tribunal found that the assessee adequately substantiated the income from the sale of Popular Trees through affidavits and documents, concluding that the sale proceeds from the trees explained the cash deposits in the bank account. The Tribunal emphasized the lack of evidence provided by the A.O. to refute the claim, ultimately ruling in favor of the assessee. en-us Thu, 01 Aug 2019 00:00:00 +0530 Sat, 04 Feb 2023 22:32:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306509 The Tribunal allowed the appeal of the assessee, deleting the addition sustained by the Ld. CIT(A) of Rs. 13,68,850 out of a total addition of Rs. 26,68,850 made by the A.O. The Tribunal found that the assessee adequately substantiated the income from the sale of Popular Trees through affidavits and documents, concluding that the sale proceeds from the trees explained the cash deposits in the bank account. The Tribunal emphasized the lack of evidence provided by the A.O. to refute the claim, ultimately ruling in favor of the assessee. Case-Laws Income Tax Thu, 01 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306509