ITAT Deletes Section 69A Addition as Agricultural Income Was Supported by Documentary Evidence

Parshotmbhai Patel Vs ITO (ITAT Ahmedabad) The Income Tax Appellate Tribunal (ITAT), Ahmedabad, allowed the assessee’s appeal against the order of the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC), for Assessment Year 2020-21. The dispute concerned an addition of ₹31,76,222 made under Section 69A of the Income-tax Act towards alleged unexplained agricultural income and its taxation under Section 115BBE. The assessee had filed a return declaring total income of ₹5,72,650. The case was selected for scrutiny on the issue of agricultural income. During the ...