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ITAT: Suspicion Alone Can’t Justify 69A Addition on Agriculturist’s Deposits
Case Law Details
- Case Name
- Narendra Kumar Vs ITO (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2017-18
- Courts
- All ITAT, ITAT Delhi
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Narendra Kumar Vs ITO (ITAT Delhi)
Cash Deposits Alone Can’t Justify 69A Addition – ITAT Sends Matter Back for Proper Inquiry- Agriculturist’s Cash Deposits During Demonetization –
Delhi Tribunal examined addition of Rs. 11,87,000/- made by AO u/s 69A treating cash deposits during 9.11.2016 to 31.12.2016 as unexplained.
Assessee, an agriculturist owning 61 bighas of fertile agricultural land, claimed that deposits were from sale of crops & trees & supported his claim with bank statements & Khatauni. AO completed assessment u/s 144, holding that assessee failed to furni...
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