TaxTMI 
TaxTMI 
2014 (7) TMI 205
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.... Member:- This is the revenue's appeal against the order of Ld. CIT(A)-V Surat dated 26-04-2011. 2. The revenue has taken following ground of appeal:- "1. On the facts and circumstances of the case and in law, the Ld. CIT(A)-II, Surat has erred in deleting (i) the addition of Rs. 11,68,868/- on account of opening balance of capital treating same as unexplained (ii) the addition of Rs. 1,5....
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....eated as unexplained cash credit and agricultural income treated as undisclosed income respectively. 5. Before Ld. CIT(A) assessee submitted various documents/evidences which were not submitted during the assessment proceedings, in respect of possession of agricultural land by him and details of income tax return filed by his brother, in support loan taken from his brother, Ld. CIT(A) sent all ....
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....t until & unless he/she has other sources of taxable income for which filing of return of income is mandatory. The A.R.'s submission is very self-explanatory about the source of building up of capital which has been considered as unexplained by the A.O. The component of the assets which forms the capita! of the appellant has been submitted in detail. I don't see any aberration in the su....
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....The source of the brother's income is from agriculture and looking into the details of income as submitted by the A.R., it can be reasonably concluded that, the loan stands explained. Hence, the addition rnade on this account is hereby deleted and the ground of appeal is allowed." 5.3 In respect of addition of Rs. 1,57,750/- earned from agricultural activities as income from undisclosed sou....