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2020 (5) TMI 161 - AT - Income TaxAddition u/s. 69B - unexplained source of deposit - HELD THAT:- It is not known how one could establish the agricultural income. In this country agriculture is an unorganized sector. Expecting evidence from the agriculturist for their agriculture income is something impossible one. So long as the agriculture activity in this country is un-organized and it is sold in the un-regulated market, no one could establish the agriculture income. Moreover, the investment is only 22.50 lakhs. In the present economic scenario, which prevails in our country even a small agricultural labour would earn ₹ 500 to ₹ 1,000/- in day. A person employed in hair cutting shop or in road side restaurant also earn ₹ 1,000/- to 2,000/- per day. This economic factor cannot be doubted by anyone in this country. Taking into consideration of the economic situation prevails in the country, this Tribunal is of the considered opinion that there is no justification for making addition of ₹ 22.50 lakhs. Accordingly, the orders of both the lower authorities are set aside and the addition of ₹ 22.50 lakhs is deleted - Appeal filed by the assessee stands allowed
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