Bank Deposits Not Always Income: Advance Tax Condition cannot be imposed blindly

Rajwinder Singh Vs ITO (ITAT Chandigarh) ITAT Chandigarh adjudicated appeals filed by Rajwinder Singh and Amarjeet Singh challenging orders from the Commissioner of Income Tax (Appeals) [CIT(A)]. The appeals stemmed from ex-parte assessments where cash deposits in their bank accounts were treated as unexplained income under Section 144 of the Income Tax Act. The assessees contended that their incomes were below the taxable limit and primarily derived from agricultural activities. The CIT(A), however, dismissed the appeals, citing non-payment of advance tax and deeming the bank deposits as taxa...