ITAT Bangalore: Agricultural Income Evidence Cannot Be Ignored; Case Remanded for Fresh Verification

Machamada Ponnappa Prakash Vs ITO (ITAT Bangalore) ITAT Bangalore: Agricultural Income Evidence Cannot Be Ignored-Matter Remanded for Fresh Verification The Bangalore ITAT dealt with an addition made under Section 69A treating bank deposits of ₹85.71 lakh as unexplained money, where the assessee claimed the same as agricultural income. The AO and CIT(A) rejected the claim primarily due to lack of supporting evidence during assessment proceedings. Before the Tribunal, the assessee furnished detailed additional evidence, including landholding records (about 55 acres owned + leased land), sale ...