Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2013 (12) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2013 (12) TMI 1406 - ITAT KOLKATAAddition on account of unexplained cash deposit – Agricultural income form land - Held that:- a person can be expected to have a reasonable cash in hand when he is having the bank account - Nothing has been brought on record by either of the parties what was the position of the attempts made by the assessee and what was the standard of the family of the assessee - The agricultural income have been accepted during the year and to that extent the Revenue has allowed the credit to the assessee, while accepting the course of the deposit of Rs.4 lakhs to the extent of Rs.2,10,360 - It cannot be denied that the assessee was not having any opening cash in hand – Partly allowed in favour of the assessee.
|