Cash deposited in Bank out of Sale of Land is directly connected

Surat Singh Vs ITO (ITAT Delhi) The second ground of argument of the learned authorised representative is that the learned assessing officer has reopened the case of the assessee for the purpose of verification of the cash deposited in the savings bank account as income escaped. The learned assessing officer has not made any addition on the account of cash deposited in the bank account. However, the learned assessing officer has made an altogether different addition of the long­ term capital gain chargeable to tax on sale of an agricultural land of the assessee. Therefore, if the AO has not m...