https://www.taxtmi.com/caselaws?id=311931 ITAT Cochin rejected most grounds of appeal by the assessee following a search under Section 132 and survey under Section 133A. The tribunal upheld additions for agricultural income treated as non-agricultural income, unexplained bank credits, suppressed sales, and inflated expenditure, finding insufficient evidence to support the assessee's claims. The tribunal partly allowed one ground regarding property valuation, directing the AO to apply State PWD rates. Appeals regarding lease rent and receipt claims were dismissed due to lack of credible evidence. Revenue's appeal regarding unexplained investment was rejected as no incriminating material was found. en-us Mon, 23 Apr 2018 00:00:00 +0530 Tue, 23 Jan 2024 20:11:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=311931 ITAT Cochin rejected most grounds of appeal by the assessee following a search under Section 132 and survey under Section 133A. The tribunal upheld additions for agricultural income treated as non-agricultural income, unexplained bank credits, suppressed sales, and inflated expenditure, finding insufficient evidence to support the assessee's claims. The tribunal partly allowed one ground regarding property valuation, directing the AO to apply State PWD rates. Appeals regarding lease rent and receipt claims were dismissed due to lack of credible evidence. Revenue's appeal regarding unexplained investment was rejected as no incriminating material was found. Case-Laws Income Tax Mon, 23 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=311931