https://www.taxtmi.com/caselaws?id=456590 Cash deposits and the treatment of sale proceeds from rural agricultural land were remanded for fresh examination because the assessee's explanation depended on materials and additional evidence that had not been considered by the Assessing Officer. The Tribunal held that proper tax liability could be determined only after those records were examined, and that the agriculturist assessees should receive a full opportunity to substantiate their claim. The matter was therefore sent back to the Assessing Officer for fresh adjudication after allowing evidence and submissions. en-us Fri, 29 Jul 2022 00:00:00 +0530 Fri, 02 Aug 2024 20:16:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456590 Cash deposits and the treatment of sale proceeds from rural agricultural land were remanded for fresh examination because the assessee's explanation depended on materials and additional evidence that had not been considered by the Assessing Officer. The Tribunal held that proper tax liability could be determined only after those records were examined, and that the agriculturist assessees should receive a full opportunity to substantiate their claim. The matter was therefore sent back to the Assessing Officer for fresh adjudication after allowing evidence and submissions. Case-Laws Income Tax Fri, 29 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456590