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2022 (11) TMI 383 - AT - Income TaxUnexplained Cash deposit - HELD THAT:- On going through the paper book and the documents, we find that the source of cash deposit has been duly explained and the authorities below have erred in not accepting the same. The Revenue has not disputed that any item in paper book is fresh document being filed for the first time before the ITAT. Hence, in the background and examination of the aforesaid document, perusing of the records and hearing the learned counsel, we are of the considered opinion that cash deposits in this case has been duly explained. Hence, we direct that the addition be deleted. As regards, the addition of interest income, in absence of any explanation about them we confirm the order of the authorities below on this issue. Hence, the appeal of the assessee is partly allowed.
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