https://www.taxtmi.com/caselaws?id=765677 ITAT Surat-AT partly allowed the assessee's appeal for AY 2016-17. The tribunal deleted the addition of differential agricultural income, ruling that income offered in earlier years cannot be disturbed without proper scrutiny under sections 143(3) or 147. Regarding unexplained cash credits under section 68, the tribunal found the assessee failed to prove agricultural activities but partially allowed the ground, considering the retail trading business. The tribunal directed taxation at normal rates instead of enhanced rates under section 115BBE, holding the amended provision is not retrospective. en-us Tue, 04 Feb 2025 00:00:00 +0530 Fri, 07 Feb 2025 08:38:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765677 ITAT Surat-AT partly allowed the assessee's appeal for AY 2016-17. The tribunal deleted the addition of differential agricultural income, ruling that income offered in earlier years cannot be disturbed without proper scrutiny under sections 143(3) or 147. Regarding unexplained cash credits under section 68, the tribunal found the assessee failed to prove agricultural activities but partially allowed the ground, considering the retail trading business. The tribunal directed taxation at normal rates instead of enhanced rates under section 115BBE, holding the amended provision is not retrospective. Case-Laws Income Tax Tue, 04 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765677