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2021 (8) TMI 774 - AT - Income TaxUnexplained cash deposits in bank account - HELD THAT:- The source of cash deposits in the bank account is not in doubt in the absence of any material to the contrary on record. Further the contention of the assessee that assessee is not paying any rent for the accommodation, his children being grown up and not being dependent on assessee, the younger child is stated to be serving in Air Force and is stated to be contributing to the expenses of his parents has not been proved to be false. We are of the view that the addition is uncalled for more so, when the assessee has fully explained the source of cash deposits. Considering the totality of aforesaid facts, we direct the deletion of addition - Appeal of assessee is allowed.
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