https://www.taxtmi.com/caselaws?id=402865 Documentary evidence showing that cash deposits came from the return of earnest money on cancellation of a property agreement was accepted as a satisfactory source explanation. The agreement bore a cancellation endorsement signed by the parties and a witness, and the additional evidence was sent to the Assessing Officer in remand without rebuttal. On that basis, the material on record was held sufficient to explain the bank deposits, and the addition as unexplained investment was deleted. en-us Tue, 30 Jun 2020 00:00:00 +0530 Thu, 14 Jan 2021 11:39:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402865 Documentary evidence showing that cash deposits came from the return of earnest money on cancellation of a property agreement was accepted as a satisfactory source explanation. The agreement bore a cancellation endorsement signed by the parties and a witness, and the additional evidence was sent to the Assessing Officer in remand without rebuttal. On that basis, the material on record was held sufficient to explain the bank deposits, and the addition as unexplained investment was deleted. Case-Laws Income Tax Tue, 30 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402865