Tribunal held that in the course of assessment proceedings specific questions  were asked and the surrendered income was accepted as business income after the AO was satisfied with the explanation of the assessee. The  Assessee has provided necessary explanation about the nature and source of such unrecorded transactions and the necessary nexus with assessee’s business has been established. The view taken by the AO is clearly a plausible view considering the facts and circumstances of the case and nothing has been pointed out as to how the view so taken is unsustainable in the eyes of law. The  order passed by the Principal CIT is set aside.Deeming provision  is not applicable.   (AY.2017-18)