https://www.taxtmi.com/caselaws?id=446087 Cash deposits made during the demonetisation period may be accepted as agricultural income only to the extent they are supported by contemporaneous records; where the assessee produces land records, revenue certificates and cash receipts but cannot fully explain the entire deposit, the source may be estimated on the available material. In this document, agricultural activity was not disputed, yet complete evidence was lacking for the full cash deposit, so only the explained portion was accepted and the balance was treated as unexplained money taxable under section 69. en-us Fri, 11 Aug 2023 00:00:00 +0530 Sat, 25 Nov 2023 06:01:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=446087 Cash deposits made during the demonetisation period may be accepted as agricultural income only to the extent they are supported by contemporaneous records; where the assessee produces land records, revenue certificates and cash receipts but cannot fully explain the entire deposit, the source may be estimated on the available material. In this document, agricultural activity was not disputed, yet complete evidence was lacking for the full cash deposit, so only the explained portion was accepted and the balance was treated as unexplained money taxable under section 69. Case-Laws Income Tax Fri, 11 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=446087