ITAT Chandigarh Cuts Unexplained Cash Addition to ₹2.5 Lakh, Accepts Part Agricultural, Dairy Income

Sher Singh Vs ITO (ITAT Chandigarh) The Income Tax Appellate Tribunal (ITAT), Chandigarh, decided the appeal of Sher Singh vs ITO relating to Assessment Year 2017–18. The appeal arose from an order of the Commissioner of Income Tax (Appeals), NFAC, Delhi, dated 24 January 2025, which had partly confirmed an addition of ₹14,75,600/- made by the Assessing Officer (AO) for unexplained cash deposits. The CIT(A) sustained ₹12,25,600/- as unexplained under section 69A of the Income Tax Act, granting relief of ₹2,50,000/-. The assessee, engaged in agriculture and milk production, challenged ...