https://www.taxtmi.com/caselaws?id=435467 Agricultural income exemption was denied because the assessee failed to prove, with credible evidence, that the land was actually used for agriculture through integrated operations such as effective lease possession, cultivation records, input purchases, labour deployment, or sale evidence. Applying the principle that exemption provisions are strictly construed and the burden lies on the claimant, the Tribunal treated the receipts as not established agricultural income. Cash deposits in bank accounts were also upheld as unexplained where the assessee gave shifting and unsupported explanations, including agricultural savings and partnership receipts. The deposits were therefore liable to tax as undisclosed income, subject only to limited factual verification and quantification in one assessment year. en-us Wed, 15 Mar 2023 00:00:00 +0530 Tue, 21 Mar 2023 10:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435467 Agricultural income exemption was denied because the assessee failed to prove, with credible evidence, that the land was actually used for agriculture through integrated operations such as effective lease possession, cultivation records, input purchases, labour deployment, or sale evidence. Applying the principle that exemption provisions are strictly construed and the burden lies on the claimant, the Tribunal treated the receipts as not established agricultural income. Cash deposits in bank accounts were also upheld as unexplained where the assessee gave shifting and unsupported explanations, including agricultural savings and partnership receipts. The deposits were therefore liable to tax as undisclosed income, subject only to limited factual verification and quantification in one assessment year. Case-Laws Income Tax Wed, 15 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435467