https://www.taxtmi.com/caselaws?id=778030 ITAT held that the addition of cash deposits as undisclosed income was unwarranted and allowed the appeal. The tribunal found that most receipts were from farmers below the Rs.2 lakh threshold, with only two larger loans (Rs.9,00,000 and Rs.6,15,917) confirmed; several lenders were also verified in remand proceedings. The assessee produced 7/12 extracts and evidence of lenders' landholding and agricultural income, thereby discharging the burden and negating AO's conjectural adverse findings. en-us Wed, 03 Sep 2025 00:00:00 +0530 Tue, 09 Sep 2025 08:38:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778030 ITAT held that the addition of cash deposits as undisclosed income was unwarranted and allowed the appeal. The tribunal found that most receipts were from farmers below the Rs.2 lakh threshold, with only two larger loans (Rs.9,00,000 and Rs.6,15,917) confirmed; several lenders were also verified in remand proceedings. The assessee produced 7/12 extracts and evidence of lenders' landholding and agricultural income, thereby discharging the burden and negating AO's conjectural adverse findings. Case-Laws Income Tax Wed, 03 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778030