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TMI Blog2010 (4) TMI 269X X X X Extracts X X X X X X X X Extracts X X X X ..... drawn from the bank and the same was deposited in the bank account and that he had sold Poplar trees and the sale proceeds made available was deposited in the bank account, although the aforesaid explanation was not found satisfactory by the Assessing Officer. – Held that: - there is no material on record to show concealment of income or that the assessee-respondent was not a regular agriculturist ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... x (Appeals) in his order dated 28.11.2008. The CIT (A) has accepted the explanation furnished by the assessee-respondent for various deposits made in the respective assessment years in the account maintained with UCO Bank (Ropar). The assessee-respondent had furnished explanation that certain amount was withdrawn from the bank and the same was deposited in the bank account and that he had sold Pop ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ent had sufficient agricultural land, which has not been disputed by the Assessing Officer. 3. Having heard learned counsel for the appellant-revenue we are of the view that the aforesaid analysis of the CIT (A), as upheld by the Tribunal, would clearly shows that the findings of fact have been recorded and there is no material on record to show concealment of income or that the assessee-responde ..... X X X X Extracts X X X X X X X X Extracts X X X X
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