Agricultural Income & Bank Proof: ITAT Deletes Unexplained Cash Addition

Asifiqbal Ismail Jangda Vs ITO (ITAT Surat) The Income Tax Appellate Tribunal (ITAT), Surat, has allowed the appeal filed by Asifiqbal Ismail Jangda against the order of the Commissioner of Income Tax (Appeals) regarding the Assessment Year 2017-18. The central issue of the appeal concerned the addition of ₹3.45 lakh to the assessee’s income as unexplained cash deposits under Section 69A of the Income Tax Act. During the assessment proceedings, the Assessing Officer (AO) noted that the assessee had deposited ₹1.45 lakh in an HDFC Bank account and ₹2.00 lakh in an Indian Bank accoun...