The Assessing Officer held that  the explanation given by the assessee was  inadequate and made an addition under section 69A treating the deposit as unexplained money. The Commissioner (Appeals) confirmed the addition and the Tribunal upheld the decision. On appeal the Court held that the explanation offered by the assessee was no explanation at all. The nature or source of acquisition of the money not having been explained it could only be treated as unexplained money. (AY. 2017-18)