https://www.taxtmi.com/caselaws?id=783958 On unexplained cash deposits, the ITAT held that the assessee's revenue records established agricultural status, making cash sales and past savings plausible, and the lower authorities had also accepted the existence of family accumulated savings; consequently, only a further lump-sum addition was sustained on an ad hoc basis without precedential value, granting relief of Rs. 10,00,000. On taxability of interest on enhanced land acquisition compensation assessed by applying ss. 56, 57(iv) and 145A(b), the ITAT noted absence of binding jurisdictional HC guidance and applied the rule in Vegetable Products (SC) to adopt the interpretation favourable to the assessee; the addition treating such interest as taxable was deleted. en-us Thu, 27 Nov 2025 00:00:00 +0530 Fri, 26 Dec 2025 07:18:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783958 On unexplained cash deposits, the ITAT held that the assessee's revenue records established agricultural status, making cash sales and past savings plausible, and the lower authorities had also accepted the existence of family accumulated savings; consequently, only a further lump-sum addition was sustained on an ad hoc basis without precedential value, granting relief of Rs. 10,00,000. On taxability of interest on enhanced land acquisition compensation assessed by applying ss. 56, 57(iv) and 145A(b), the ITAT noted absence of binding jurisdictional HC guidance and applied the rule in Vegetable Products (SC) to adopt the interpretation favourable to the assessee; the addition treating such interest as taxable was deleted. Case-Laws Income Tax Thu, 27 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783958