https://www.taxtmi.com/caselaws?id=461521 ITAT Jodhpur AT partly allowed assessee's appeal regarding unexplained income under section 69A. The tribunal deleted addition of Rs. 18,45,000 (Rs. 18,00,000 transferred from savings account plus Rs. 45,000 cash from agricultural activities) finding the source adequately explained through bank transfers from agricultural income, which AO had previously accepted as genuine. However, the tribunal confirmed addition of Rs. 16,799 representing discrepancy between closing balance of capital account in FY 2015-16 and opening balance in FY 2016-17, as assessee failed to provide cogent evidence to explain the variance. en-us Thu, 21 Mar 2024 00:00:00 +0530 Thu, 10 Apr 2025 16:42:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461521 ITAT Jodhpur AT partly allowed assessee's appeal regarding unexplained income under section 69A. The tribunal deleted addition of Rs. 18,45,000 (Rs. 18,00,000 transferred from savings account plus Rs. 45,000 cash from agricultural activities) finding the source adequately explained through bank transfers from agricultural income, which AO had previously accepted as genuine. However, the tribunal confirmed addition of Rs. 16,799 representing discrepancy between closing balance of capital account in FY 2015-16 and opening balance in FY 2016-17, as assessee failed to provide cogent evidence to explain the variance. Case-Laws Income Tax Thu, 21 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461521