Agricultural Income Justifies Cash Deposits – ITAT Delhi Grants Relief

Gurcharan Singh Vs ITO (ITAT Delhi) ITAT Delhi Deletes Addition of ₹5.15 Lakh Cash Deposit – Agricultural Income & Land Sale Consideration Accepted Delhi  ITAT  allowed the appeal of Gurcharan Singh by deleting addition of ₹5.15 lakh made u/s 69A on account of cash deposits during demonetisation period. Assessee, an agriculturist, filed return declaring agricultural income of ₹14,69,626/-. AO noted cash deposits of ₹13 lakh in Oriental Bank of Commerce KCC account, of which ₹5.15 lakh was deposited during demonetisation period. AO doubted genuineness of J-Forms furnished for...