Held that the assessee’s bank statements and the cash flow statement showed withdrawals and deposits during the year and the deposits so made duly stood explained by the earlier withdrawals during the year and no adverse view was warranted in this regard. The assessee had duly explained the nature and source of cash deposits during the year and the initial onus on the assessee stood discharged. In the absence of any contrary evidence brought on record by the Revenue, there was no justifiable basis in sustaining the addition made by the Assessing Officer. Reassessment is quashed . (AY. 2010-11)