ITAT Deletes ₹18 Lakh Cash Deposit Addition, Cites Genuine Agricultural Income

Kishana Ram Vs ITO (ITAT Jodhpur) Income Tax Appellate Tribunal (ITAT), Jodhpur, has partly allowed the appeal of Kishana Ram against the order of the Commissioner of Income Tax (Appeals) [CIT(A)], pertaining to an addition of ₹18,45,000 to his capital account and a smaller disallowance. The assessee had filed the appeal feeling dissatisfied with the CIT(A)’s partial upholding of the Assessing Officer’s (AO) assessment. During the proceedings, the assessee’s representative argued that the ₹18,45,000 credited to the capital account of his proprietary concern originated fro...