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2015 (8) TMI 658 - DELHI HIGH COURT

2015 (8) TMI 658 - DELHI HIGH COURT - TMI - Unexplained cash deposits - Unexplained income - ITAT confirmed addition - Held that:- The ITAT has in the impugned order returned a finding of fact that the Assessee could not establish that he received agricultural income from carrying on farming activities in the society land. The Assessee has failed to produce any reliable document to explain the cash in hand. - Decided against assessee. - ITA No. 503/2015 - Dated:- 4-8-2015 - S. Muralidhar And Vib .....

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impugned order allowed the Revenue's appeal and set aside the order dated 13th May 2011 of the CIT (Appeals) who deleted the addition of ₹ 24,06,600 by the Assessing Officer ('AO') as unexplained income. 3. The brief facts of the case are that the Assessee filed its return of income on 25th August 2008 declaring total income at ₹ 3,04,713 and agricultural income of ₹ 25 lakhs. The case of the Assessee was selected for scrutiny on the basis of information received th .....

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with remarks "no such person at the given address . Another explanation offered by the Assessee was that he was the Secretary Ranbir Collective Cooperative Farming Society Ltd. He stated that apart from the extent of 1.262 hectare of land which belonged to him, he had cultivated 41.264 hectares of agricultural land belonging to the said society. He also claimed that he was cultivating another chunk of 12.6 hectares of land belonging to Mini Collective Cooperative Farming Society Ltd. compri .....

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