Ram Singh Hooda v. Income Tax Office

Parties Involved

Facts Summary

Ram Singh Hooda, an agriculturist, deposited Rs.10,70,000/- in his bank account during the period of demonetization. He explained the source of the cash deposits, including withdrawals from his State Bank of India account for his son's marriage expenses, cash belonging to his son, and sale of agricultural produce. The Assessing Officer accepted the source of cash deposits to the extent of Rs.6,69,000/- and made an addition of Rs.4,01,000/-. The Commissioner of Income Tax (Appeals) rejected the assessee's plea of agricultural income and upheld the addition. The assessee appealed against the order, arguing that the explanation for the cash deposits should be accepted. The tribunal found that the explanation furnished by the assessee with regard to agricultural receipts cannot be dismissed and directed the Assessing Officer to give the benefit of agricultural receipts Rs.1,96,183/- to the assessee.…

Legal Issues

• 1. Unexplained cash deposits in bank account during demonetization
• 2. Disallowance of agricultural income

Judgment Outcome

Decided in favour of Assessee.

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