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2022 (9) TMI 773 - AT - Income TaxUnexplained cash deposits in bank account - explanation for source of cash deposits in his Bank of India account as being out of his share in the sale of land, jointly owned along with members of his family, is duly and satisfactorily substantiated - HELD THAT: - The entire evidences as reasonably and satisfactorily demonstrating the flow of money to the assessee in cash from the proceeds received of land sold we see no reason to disbelieve the assesses explanation of the source of cash deposit in bank being attributable to his share in land sold by family received in cash from his brother . Addition on account of unexplained cash deposits is accordingly directed to be deleted. - Decided in favour of assessee.
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