ITAT deletes addition for unexplained cash deposits- As Assessee duly explained the source

Bipinchandra Purshotamdas Patel Vs ITO (ITAT Ahmedabad)

ITAT find that the assessees explanation for source of cash deposits of Rs.6.00 lakhs in his Bank of India account, which is in dispute before us, as being out of his share in the sale of land, jointly owned along with members of his family, is duly and satisfactorily substantiated. The sale deed of the land sold by the family of the assessee, English translated copy of which was placed before us at P.B 2-20, clearly mentions land sold by six persons including the asses

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