No prudent man expected to keep record of sale proceeds of small amount

Mr. Mohan Sambhaji Jagthap Vs ACIT (ITAT Delhi)

Appreciating the material on record it can be observed that the Tax Authorities have not doubted the assertion of the Assessee that the father in law was resident of Canada or he held land. When this fact is admitted, the Revenue needed to conduct some enquiry and collect material to rebut the claim of the Assessee. Which was not done. However, the ld CIT(A) has discredited the claim on the reason that no evidence whatsoever has been brought which could relate the cash to the agricultural income of the fat

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