https://www.taxtmi.com/caselaws?id=752237 ITAT Jodhpur allowed the assessee's appeal, deleting additions made by AO for alleged bogus agricultural produce sales. The tribunal applied preponderance of probability theory, noting the assessee's sole income source was agriculture with 50 bighas of land and storage facilities. Despite revenue's claims of fabricated sales, ITAT found no evidence of other income sources. The tribunal accepted the assessee's explanation that cash deposits originated from agricultural receipts and car sales, emphasizing no business or professional activities existed. The Krushi Upaj Mandli had not lodged complaints, and invoices, though from unregistered entities without agricultural cess payment, could not be deemed non-genuine given the circumstances. en-us Thu, 02 May 2024 00:00:00 +0530 Sat, 04 May 2024 12:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752237 ITAT Jodhpur allowed the assessee's appeal, deleting additions made by AO for alleged bogus agricultural produce sales. The tribunal applied preponderance of probability theory, noting the assessee's sole income source was agriculture with 50 bighas of land and storage facilities. Despite revenue's claims of fabricated sales, ITAT found no evidence of other income sources. The tribunal accepted the assessee's explanation that cash deposits originated from agricultural receipts and car sales, emphasizing no business or professional activities existed. The Krushi Upaj Mandli had not lodged complaints, and invoices, though from unregistered entities without agricultural cess payment, could not be deemed non-genuine given the circumstances. Case-Laws Income Tax Thu, 02 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752237