Kanchanben Maheshbhai Patel. v. ITO (2025) 212 ITD 133 (Surat) (Trib.)

S. 68 : Cash credits-Cash deposit-Partly agricultural income-Addition is restricted to 8 lakhs.

Assessee had shown opening balance of Rs 12 lakhs in bank account and claimed that same was accumulated from agricultural income. However, no supporting evidence was furnished by assessee.  Assessing Officer treated said cash deposits as cash credits under section 68. CIT(A) affirmed the addition. On appeal Tribunal restricted the addition to 8 lakhs, considering the agricultural income. (AY. 2012-13)

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