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2012 (7) TMI 328 - ITAT MUMBAIAddition on account of unexplained income - deal between the assessee and Mr. Anton B. Rodrigues could not be finalised due to dispute in the title of the property and the same was cancelled vide cancellation Deed dated 10-11-2006. Mr. Anton B. Rodrigues returned the amount of Rs. 15 lacs to the assessee in three installments of Rs. 5 lacs each – Held that:- Action of the adding back Rs. 15 lacs to the income of the assessee as unexplained cash deposit in the bank account is not in order as all the necessary documents proving the cash deposit in the bank account is out of the explained sources – addition deleted
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