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2017 (1) TMI 565 - AT - Income TaxAddition as unexplained cash deposit on various dates in Andhra Bank, Sector-55/56, Noida - Held that:- It is an admitted fact that assessee has submitted all documentary evidence in respect of agreement to sale of land, sale deed of property, sale in accordance with agreement and copy of khasra and khatoni in support of agriculture land, details of cash received and copy of relevant bank account which establishes that these are sufficient evidence for source of deposit of ₹ 25,07,770/- in Andhra Bank. Keeping in view of the above, assessee has well explained the deposit of cash with Andhra Bank ₹ 2507700/- out of sale proceed of agriculture land, hence, the addition made and sustained by the Ld. CIT(A) are not justified in the eyes of law. Therefore, the addition in dispute is deleted. - Decided in favour of assessee.
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