2015 (12) TMI 23

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....t in the S/B account on 18/9/2006   Explained to be received by assessee as contract money against Agri. land at Village Bhaiswal. 180000.00: Deposit in the S/B account on 9/1/2007.   Explained to be received by assessee as contract money against sale of Agri land at Village Sinkh. 280000.00: Explained by assessee as part of Rs. 4,00,000.00 Received against sale of Agri produce, the A.O accepted only Rs. 1,20,000/- as Agri. Income, thus making an addition of Rs. 2,80,000/-. 655000.00 Total   The family consists of Husband, Wife and one minor grandson putting up with grand parents. The total Agricultural Land Holding of the family is 18 Acres being managed like an A.O.P. Further the Land in ....

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....t. Panipat for agricultural purposes for the period of 5 years from Mr. Naresh Kumar son of Shri Govardhan residence of Village Assankalan. The assessee further submitted that on 15/12/2006 Rs. 3 lacs was deposited being amount withdrawals on 9/10/2006 from same bank account. On 15/12/2006 Rs. 4 lacs was deposited being amount received from Mr. Kansi Ram, Pushpa Devi & Versa Rani being sale proceeds of Plot situated at Purewal Colony, Panipat. On 9/1/2007 Rs. 1 lac deposited in the bank received from Jagmender Singh son of Shri Zile Singh being agricultural land given on contract for agriculture purpose at Village Sinkh. On 23/1/2007 Rs. 3 lacs deposited in the bank against withdrawals made on 16/1/2007 of Rs. 1.80 lacs and on 19/1/2007 of ....