Summary
- The ITAT Bangalore has granted Shivashankrappa Sahukar 90 days to substantiate the agricultural source of ā¹50,99,684 in disputed bank deposits for the assessment year 2015-16.
- The Assessing Officer had deemed these deposits unexplained due to insufficient evidence linking them to agricultural income from his 54 acres of farmland.
- While the Tribunal upheld the reopening of the assessment, it allowed Sahukar a chance to prove his claims with supporting documentation.
- This ruling emphasizes that mere land ownership does not equate to established agricultural income, setting a precedent for future tax disputes involving agricultural claims.
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