https://www.taxtmi.com/caselaws?id=762227 ITAT Pune remanded the matter back to AO for fresh assessment regarding unexplained cash deposits in savings bank account and agricultural land sale proceeds assessed as long-term capital gains. The assessee claimed agricultural income from export quality rose production in poly house with substantial land holdings and bank loans. However, statistical data report from Agricultural College Professor was deemed insufficient proof of agricultural income requiring proper supporting evidence. Since assessment and first appeal orders were passed ex-parte without adequate opportunity for the assessee to present their case, ITAT directed AO to pass fresh assessment order after proper consideration of evidence. en-us Mon, 04 Nov 2024 00:00:00 +0530 Wed, 27 Nov 2024 08:58:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762227 ITAT Pune remanded the matter back to AO for fresh assessment regarding unexplained cash deposits in savings bank account and agricultural land sale proceeds assessed as long-term capital gains. The assessee claimed agricultural income from export quality rose production in poly house with substantial land holdings and bank loans. However, statistical data report from Agricultural College Professor was deemed insufficient proof of agricultural income requiring proper supporting evidence. Since assessment and first appeal orders were passed ex-parte without adequate opportunity for the assessee to present their case, ITAT directed AO to pass fresh assessment order after proper consideration of evidence. Case-Laws Income Tax Mon, 04 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762227