https://www.taxtmi.com/caselaws?id=774817 ITAT Ahmedabad partially allowed the assessee's appeal regarding unexplained cash deposits and credit entries. The tribunal accepted Rs. 11 lakh cash deposits as agricultural income based on prior year's acceptance of Rs. 10 lakh agricultural income, reducing the addition accordingly. However, it upheld the addition of Rs. 20 lakh credit entry as the assessee failed to establish identity, genuineness, and creditworthiness of the alleged loan transaction from an individual lender, lacking proper documentation and disclosure evidence. en-us Mon, 30 Jun 2025 00:00:00 +0530 Tue, 15 Jul 2025 08:39:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774817 ITAT Ahmedabad partially allowed the assessee's appeal regarding unexplained cash deposits and credit entries. The tribunal accepted Rs. 11 lakh cash deposits as agricultural income based on prior year's acceptance of Rs. 10 lakh agricultural income, reducing the addition accordingly. However, it upheld the addition of Rs. 20 lakh credit entry as the assessee failed to establish identity, genuineness, and creditworthiness of the alleged loan transaction from an individual lender, lacking proper documentation and disclosure evidence. Case-Laws Income Tax Mon, 30 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774817