On-Money or Not, Source Traced to Agricultural Land – ITAT Deletes Addition u/s 69A

Mariamma Kurian Vs ITO (ITAT Indore) On-Money or Not, Source Traced to Agricultural Land – ITAT Deletes Rs.30 Lakh Addition u/s 69A- Registered Deed Shows Rs.6 Lakhs, Agreement Rs.33 Lakhs – Still No Unexplained Cash, Rules ITAT Indore ITAT allowed the appeal of an individual widow Assessee & deleted the addition of Rs.30 lakhs made u/s 69A towards unexplained cash deposit. Assessee, a pensioner, filed return declaring income of Rs.1,53,287/-. During scrutiny, AO noticed cash deposits of Rs.30 lakhs in her bank account. Assessee explained that the amount represented sale proceeds of ru...