Ganesh Balkrishna Bende v. ITO (2022) 215 DTR 14 / 219 TTJ 1118 (SMC) (Pune)(Trib)

S. 68 : Cash credits-Undisclosed source-Cash deposit in bank-Withdrawal from the Account of the wife-Source and purpose was explained-Addition was deleted. [S. 69]

Held that the Assessee  explained the cash deposit in his bank account on the basis of loans taken from two persons which has been confirmed by the lenders, sale of agricultural produce which is supported by the sale receipt and the amount withdrawn from the agricultural loan taken by his spouse from the State Government. Addition was deleted. (AY.2011-12)