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2022 (2) TMI 484 - AT - Income TaxUnexplained cash deposited in the bank account - addition u/s 68 - HELD THAT:- We find that the authorities below have not considered the contention of the assessee that he had received gift from his father who had sold agricultural land. Moreover, the Assessing Officer has not brought any contrary material refuting the claim of the assessee that he received gift from his father who had sold agricultural land in the month of April, 2011 located in Budhera, Gurgaon. Therefore, considering the material available on record and finding of the authorities below hereby direct the Assessing Officer to delete the addition. Thus, grounds raised by the assessee are allowed.
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