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2010 (4) TMI 269 - PUNJAB & HARYANA HIGH COURTAgriculture income – nature of deposits made in the bank account - The assessee-respondent had furnished explanation that certain amount was withdrawn from the bank and the same was deposited in the bank account and that he had sold Poplar trees and the sale proceeds made available was deposited in the bank account, although the aforesaid explanation was not found satisfactory by the Assessing Officer. – Held that: - there is no material on record to show concealment of income or that the assessee-respondent was not a regular agriculturist. The finding further is that the deposits were made by sale of Poplar trees and on that basis it has been found that the assessee-respondent is not involved in any other activities warranting an inference that the income has been concealed. – revenue appeal dismissed
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