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2016 (2) TMI 515 - AT - Income TaxUnexplained deposits in the bank account - AO treated it as income from other sources - contention of the assessees that the deposits are agricultural income rejected - Held that:- Keeping in view the past history of the assessee, in which agricultural income from Mango Orchard was accepted by the Revenue, we are of the view that in this year the agricultural income declared by the assessee at ₹ 24,70,800/- should be accepted, but they are required to explain the excess deposit in the joint bank account and for this purpose we restore the matter to the Assessing Officer with a direction to examine the nature of excess deposit in the bank account. If both the assessees fail to explain the source of deposit of the difference amount of ₹ 19,85,000/-, the Assessing Officer may make addition in accordance with law. - Decided partly in favour of assessee for statistical purposes.
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