https://www.taxtmi.com/caselaws?id=466921 Addition of agricultural receipts as unexplained cash credit was deleted where the assessee produced credible documentary evidence and third party confirmations of purchases and land ownership; the tribunal found the assessing officer relied on presumption about a year on year increase and unchanged infrastructure rather than any defect in documents or quantities sold, and held that an addition under the unexplained cash credit doctrine cannot be sustained solely on assumption, allowing the appeal in favour of the assessee. en-us Mon, 24 Feb 2025 00:00:00 +0530 Wed, 25 Feb 2026 16:33:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466921 Addition of agricultural receipts as unexplained cash credit was deleted where the assessee produced credible documentary evidence and third party confirmations of purchases and land ownership; the tribunal found the assessing officer relied on presumption about a year on year increase and unchanged infrastructure rather than any defect in documents or quantities sold, and held that an addition under the unexplained cash credit doctrine cannot be sustained solely on assumption, allowing the appeal in favour of the assessee. Case-Laws Income Tax Mon, 24 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466921