Tribunal Partially Upholds Discrepancy in Agricultural Income, Adds Rs. 2,24,000 to Appellant's Declared Income.

Tribunal Partially Upholds Discrepancy in Agricultural Income, Adds Rs. 2,24,000 to Appellant's Declared Income. https://www.taxtmi.com/highlights?id=77165 Cash deposit in bank account treated as unexplained income - Agricultural income or not? - The Tribunal found discrepancies in the appellant's claims regarding agricultural income. While accepting that the appellant is an agriculturist, the Tribunal determined that the entire agricultural income claimed by the appellant could not be justified. However, they accepted the explanation regarding cash withdrawals and upheld the addition to the extent of Rs. 2,24,000/-, deleting the remaining amount. en-us Mon, 06 May 2024 15:34:57 +0530 Mon, 06 May 2024 15:34:57 +0530 TaxTMI RSS Generator Tribunal Partially Upholds Discrepancy in Agricultural Income, Adds Rs. 2,24,000 to Appellant's Declared Income. https://www.taxtmi.com/highlights?id=77165 Cash deposit in bank account treated as unexplained income - Agricultural income or not? - The Tribunal found discrepancies in the appellant's claims regarding agricultural income. While accepting that the appellant is an agriculturist, the Tribunal determined that the entire agricultural income claimed by the appellant could not be justified. However, they accepted the explanation regarding cash withdrawals and upheld the addition to the extent of Rs. 2,24,000/-, deleting the remaining amount. Highlights Income Tax Mon, 06 May 2024 15:34:57 +0530 https://www.taxtmi.com/highlights?id=77165