https://www.taxtmi.com/caselaws?id=434240 The HC dismissed the appeal, upholding the ITAT's decision to add Rs.45,29,020/- to the Assessee's taxable income under Section 68 of the Income Tax Act, 1961. The Assessee failed to produce evidence of loan repayments from farmers, as required by the ITAT. The Court found no error in the actions of the AO and CIT(A) and rejected the Assessee's reliance on legal precedents due to non-compliance with ITAT's directions. Consequently, the appeal was dismissed, with no substantial question of law arising from the ITAT's factual findings. en-us Tue, 14 Feb 2023 00:00:00 +0530 Wed, 25 Oct 2023 11:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434240 The HC dismissed the appeal, upholding the ITAT's decision to add Rs.45,29,020/- to the Assessee's taxable income under Section 68 of the Income Tax Act, 1961. The Assessee failed to produce evidence of loan repayments from farmers, as required by the ITAT. The Court found no error in the actions of the AO and CIT(A) and rejected the Assessee's reliance on legal precedents due to non-compliance with ITAT's directions. Consequently, the appeal was dismissed, with no substantial question of law arising from the ITAT's factual findings. Case-Laws Income Tax Tue, 14 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434240