The Tribunal noted that the assessee had explained in detail different amount received from different persons and all the entries were verified by the Department from the bank statements. Therefore the Tribunal held that since the assessee had provided satisfactory explanation for each and every amount received along with necessary evidences and also the fact that the assessee has returned the money to the persons in subsequent years, there was no logic in the addition made by the AO under section 56(2)(v) of the Act and the same was unwarranted. Accordingly the Tribunal deleted the addition.