Addition of unexplained closing cash balance unsustained as cash was generated from agricultural activity

Shailesh Popatbhai Katrodiya Vs ITO (ITAT Ahmedabad) ITAT Ahmedabad held that addition towards closing cash balance as unexplained cash credit u/s 68 unsustained as cash was generated from agricultural activity and revenue failed to discharge the onus of disproving the said contention of the assessee. Facts- The assessee is an individual and claimed to be an agriculturist. The assessee filed the belated ROI for the year under consideration declaring an income of ₹2,66,710/- only. ROI was filed by the assessee under the provisions of section 44AD of the Act disclosing the closing cash balance...