Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2022 (2) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2022 (2) TMI 981 - AT - Income TaxAddition of capital introduced by the appellant as unexplained cash credit u/s. 68 - HELD THAT:- It is pertinent to note that the assessee has not filed any details regarding the agricultural income and the expenses incurred which is an admitted position as the assessee made submission before the CIT(A) while filing additional evidence that the details relating to agricultural income will be filed when asked by the AO during the remand proceedings. Besides this, the assessee made a plea that inadvertently the agricultural income was not reflected in the details of the return of income. But at no point of time, the assessee with any documents before the AO or before the CIT(A) or before us has shown that the assessee was actually having agricultural income. This shows that the assessee was not having the genuine agricultural income. Mere oral submissions or indication that evidences will be provided if revenue asked at later stage shows that the assessee was not at all dispensed the burden of proving his claim that the said income and expenses were part of agricultural income. As regards the explanation for the personal account and its maintenance, the Ld. A.R. has not set out any case as to why said practice was followed by the assessee. The assessee was not at all maintaining proper books of accounts. Thus, ground No. 1 is dismissed.
|