https://www.taxtmi.com/caselaws?id=471399 Unexplained bank-deposit additions require fresh verification where buyers' receipts and evidence of tea-garden cultivation have not been adequately examined. The Assessing Officer must determine whether deposits represent tea-sale receipts rather than unexplained money. Claims for exemption under section 10(26) and treatment of income as agricultural income also require verification of the taxpayer's qualifying status, the link between buyers' receipts and deposits, and the character and taxability of the income. Fresh adjudication must follow an adequate opportunity of hearing; the appellate order and assessment issues are restored for fact-based reconsideration. en-us Fri, 04 Apr 2025 00:00:00 +0530 Tue, 01 Sep 2026 19:02:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471399 Unexplained bank-deposit additions require fresh verification where buyers' receipts and evidence of tea-garden cultivation have not been adequately examined. The Assessing Officer must determine whether deposits represent tea-sale receipts rather than unexplained money. Claims for exemption under section 10(26) and treatment of income as agricultural income also require verification of the taxpayer's qualifying status, the link between buyers' receipts and deposits, and the character and taxability of the income. Fresh adjudication must follow an adequate opportunity of hearing; the appellate order and assessment issues are restored for fact-based reconsideration. Case-Laws Income Tax Fri, 04 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471399