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2021 (10) TMI 25 - AT - Income TaxAddition being cash deposited in the bank account of the assessee - assessee’s submissions that assessee had given his portion of land of 17.40 Acres of cultivable land on which cash crops are grown to his brother for cultivation at an annual lease for which cash deposited in the bank account of the assessee - HELD THAT:- The fact that the land being purchased at Chhattisgarh by the assessee along with his brother Pratap Singh who is staying at Chhattisgarh and cultivating his portion of land and also taken over the land of the assessee on lease has not been controverted by the Revenue. The contention of the assessee that the agreement for lease of land being an oral agreement simply cannot be brushed aside in view of the fact that the lease of land is to the real brother of the assessee who is also an agriculturists and the confirmation of brother of having taken the land on lease from assessee and the payment of lease in cash. In such a situation, the agreement in the form of oral understanding between the blood relations cannot be discarded without there being any evidence to the contrary. - Thus source of cash deposits to be explained. - Decided in favour of assessee. Estimation of household expenses - HELD THAT:- AR submission that we during the relevant period assessee was staying in a village with his wife and two minor sons who were not school going and the milk and grains which are available from his own farm and cattle was sufficient to meet his basic daily requirements has not been controverted by Revenue by placing any contrary evidence on record - expenditure of ₹ 1,00,000/- towards household expenses shown by the assessee cannot be discarded without any evidence to the contrary - Decided in favour of assessee.
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