Tribunal Deletes ₹25 Lakh Bank Deposit Addition for Illiterate Agriculturist

Labh Singh Vs ITO (ITAT Chandigarh) In the case of Labh Singh vs. ITO, the Income Tax Appellate Tribunal (ITAT), Chandigarh, ruled on an appeal concerning a cash deposit addition of ₹25.25 lakh made to the income of an illiterate agriculturist. The case highlights issues of procedural fairness, the burden of proof, and the acceptance of bank records as valid evidence. The assessee, Labh Singh, an illiterate agriculturist from a remote village, was subjected to a reassessment for the assessment year 2011-12. The Assessing Officer (AO) noted cash deposits totaling ₹25,25,000 in the assessee&...