ITAT Upholds Addition for Agricultural Income Jump Deemed Unbelievable

Jigar Patel Vs ITO (ITAT Ahmedabad) The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, has dismissed an appeal filed by Jigar Patel, upholding an addition of Rs. 49,55,101/- made by the Income Tax Officer (ITO) as unexplained cash credit under Section 68 of the Income Tax Act, 1961. The ruling, delivered on June 26, 2025, pertains to the Assessment Year 2018-19 and affirms the decision of the Commissioner of Income Tax (Appeals)/National Faceless Appeal Centre (CIT(A)/NFAC), Delhi. The case centered on a significant discrepancy in agricultural income declared by the assessee, Jigar Pat...