ITAT Nagpur Deletes Section 68 Addition for Cash Deposits from Agricultural Income

Dilip Sampatrao Yewale Vs ITO (ITAT Nagpur) Income Tax Appellate Tribunal (ITAT) Nagpur Bench, in a recent ruling, has set aside an ex-parte assessment order against Dilip Sampatrao Yewale, a senior citizen and agriculturist. The case involved an addition of ₹7,38,500 to Yewale’s income for the assessment year 2017-18 under Section 68 of the Income Tax Act, 1961. The Tribunal’s decision, delivered on June 9, 2025, underscored significant procedural lapses, particularly concerning the proper service of notices, and reaffirmed the tax-exempt status of agricultural income. Backgroun...