https://www.taxtmi.com/caselaws?id=773828 The Tribunal dismissed the appeal and upheld the addition of Rs. 49,55,101/- as unexplained cash credit under section 68 of the Income Tax Act for AY 2018-19. The assessee claimed a threefold increase in agricultural income despite severe floods in Gujarat in 2017. The AO found this increase unsubstantiated and noted reduction in agricultural expenses from 76.6% to 43.94% without credible documentary evidence. The CIT(A)/NFAC confirmed the addition, finding the explanations unreasonable. The Tribunal agreed that the assessee failed to satisfactorily explain the nature and source of the claimed agricultural income increase, emphasizing that mere assertions without documentary backing cannot override adverse factual findings during natural calamities. en-us Thu, 26 Jun 2025 00:00:00 +0530 Sat, 28 Jun 2025 08:31:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773828 The Tribunal dismissed the appeal and upheld the addition of Rs. 49,55,101/- as unexplained cash credit under section 68 of the Income Tax Act for AY 2018-19. The assessee claimed a threefold increase in agricultural income despite severe floods in Gujarat in 2017. The AO found this increase unsubstantiated and noted reduction in agricultural expenses from 76.6% to 43.94% without credible documentary evidence. The CIT(A)/NFAC confirmed the addition, finding the explanations unreasonable. The Tribunal agreed that the assessee failed to satisfactorily explain the nature and source of the claimed agricultural income increase, emphasizing that mere assertions without documentary backing cannot override adverse factual findings during natural calamities. Case-Laws Income Tax Thu, 26 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773828