TaxTMI 
TaxTMI 
2026 (9) TMI 1452
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.... in dismissing the appeal and confirming the addition of Rs. 21,81,300/- towards cash deposit in the bank account. 3. The solitary issue in the present appeal pertains to cash deposited in the Bank Account of the assessee amounting to Rs. 21,81,300/-, the source of which remained unexplained and accordingly, was added to the income of the assessee as unexplained money. 4. I have gone through the orders of Authorities below. The facts relating to cash deposit of Rs. 21,81,300/- are that, they were noted to be deposited in the Bank account of the assessee with Baroda Rajasthan Kshetriya Gramin Bank, during the impugned assessment year. The assessee had filed return of income declaring exempt agricultural income of Rs. 10,40,300/-, and t....
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....ities was that, the assessee produce sales bill to evidence the quantum of sales made by it, so as to justify the cash deposit in his Bank account as emanating from the sale of crops. 7. During the course of hearing before me, ld. Counsel for the assessee contended that the crops are cultivated and grown in two or three seasons and the amount of Rs. 21,81,300/- accordingly can be spread to three seasons, attributing the crops grown and sales to be to the extent of Rs. 6 to 7 lakhs approx, in each season, which clearly shows that the assessee was a small farmer. And considering the fact that he was not even literate, it was therefore practically impossible and improbable to conduct operations in a systematic manner through generating sale....
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....icultural produce is that the assessee had not adduced direct evidence of sale of crops. The ld. Counsel for the assessee has fairly demonstrated before me, that the cash deposited in the bank account of the assessee was in three trenches accompanied with subsequent and substantial withdrawal, which I hold, fairly demonstrates that the cash emanated from the harvesting of crops grown by it in particular seasons. 10. There being no doubt of the assessee indulging in agricultural activities and growing crops therein and the bank account sufficiently reflecting the deposit of cash in particular harvesting season, it sufficiently corroborates and substantiates assessee's explanation of the cash deposit emanating from the sale of agricultural....