2022 (11) TMI 579

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....nt : Shri D. Hema Bhupal, JCIT ORDER PER V. DURGA RAO, JUDICIAL MEMBER: This appeal filed by the assessee is directed against the order of the ld. Commissioner of Income Tax (Appeals) 1, Coimbatore, dated 11.10.2018 relevant to the assessment year 2010-11. The only issue involved in this appeal is relating to confirmation of addition of Rs..4,40,000/- towards unexplained cash credit under....

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.... the previous year agricultural income still available with the assessee and by not accepting the explanation of the assessee, the addition under section 68 of the Act for Rs..4,40,000/- was made. On appeal, the ld. CIT(A) confirmed the addition. 3. On being aggrieved, the assessee is in appeal before the Tribunal. When the appeal was taken up for hearing, none appeared on behalf of the assesse....

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....ng Officer on the ground that in the assessment year under consideration, the assessee has not having any agricultural income. We find that neither the Assessing Officer nor the ld. CIT(A) disputed the agricultural income of previous assessment year of Rs..13,49,730/-. We are of the opinion that out of agricultural income which was left with the assessee, the amount of Rs..4,40,000/- was deposited....