https://www.taxtmi.com/caselaws?id=775604 ITAT Amritsar allowed the assessee's appeal against additions under sections 69/69A related to cash deposits in the bank. The assessee explained the cash was sourced from advances against the proposed sale of agricultural land and income from agricultural activities on owned and leased lands. The tribunal held that registration of the sale agreement was not mandatory, and the advance was valid. Although the lease deed was unregistered, it was sufficient to establish a landlord-tenant relationship, supporting the genuineness of agricultural income evidenced by Form J. Since the funds were legitimately available from agricultural produce sales within the family, the cash deposits were accepted. Consequently, the additions made by the AO were set aside. en-us Mon, 30 Jun 2025 00:00:00 +0530 Mon, 23 Feb 2026 14:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775604 ITAT Amritsar allowed the assessee's appeal against additions under sections 69/69A related to cash deposits in the bank. The assessee explained the cash was sourced from advances against the proposed sale of agricultural land and income from agricultural activities on owned and leased lands. The tribunal held that registration of the sale agreement was not mandatory, and the advance was valid. Although the lease deed was unregistered, it was sufficient to establish a landlord-tenant relationship, supporting the genuineness of agricultural income evidenced by Form J. Since the funds were legitimately available from agricultural produce sales within the family, the cash deposits were accepted. Consequently, the additions made by the AO were set aside. Case-Laws Income Tax Mon, 30 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775604