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Assessee's Explanation for Unexplained Bank Deposits Accepted, Additions Deleted by Authorities.

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....Unexplained money deposited in bank account - stand of the assessee was that the cash deposited in his bank accounts are from the prospective buyers of vehicles/agricultural implements from where, he is working as Exchange Manager. Later on the cash was withdrawn and handed over to the employer i.e., Automobile Company - Accepting the contention, additions deleted - AT....

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Assessee's Explanation for Unexplained Bank Deposits Accepted, Additions Deleted by Authorities.