https://www.taxtmi.com/caselaws?id=788723 Cash deposits during demonetisation were held to be explained where supported by prior withdrawals, cash flow statements and books of account, with no adverse material from the Revenue; the section 68 addition was deleted. Land sold was accepted as rural agricultural land outside the definition of capital asset because documentary evidence, including the Tehsildar's certificate and distance material, showed it lay beyond municipal limits; the capital gains addition was deleted. Declared agricultural income was also accepted as genuine because no enquiry or contrary evidence discredited it, so that addition too was deleted. en-us Fri, 13 Mar 2026 00:00:00 +0530 Thu, 26 Mar 2026 13:12:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788723 Cash deposits during demonetisation were held to be explained where supported by prior withdrawals, cash flow statements and books of account, with no adverse material from the Revenue; the section 68 addition was deleted. Land sold was accepted as rural agricultural land outside the definition of capital asset because documentary evidence, including the Tehsildar's certificate and distance material, showed it lay beyond municipal limits; the capital gains addition was deleted. Declared agricultural income was also accepted as genuine because no enquiry or contrary evidence discredited it, so that addition too was deleted. Case-Laws Income Tax Fri, 13 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788723