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TMI Blog2011 (7) TMI 658X X X X Extracts X X X X X X X X Extracts X X X X ..... tives - Assessing Officer completed the assessment and computed the total income by adding the unexplained cash deposit of Rs.deposited in SBM and Axis Bank respectively and bank interest received on the said undisclosed cash deposits - appeal was preferred by the assessee before the appellate authority - appellate authority called for the remand report from the Assessing Officer - satisfactorily ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ment year 2006-07, wherein the appeal filed by the Revenue has been dismissed confirming the order passed by the appellate authority dated 26.05.2009. 2. The assessee had purchased mutual fund for Rs. 41,00,000/- during the assessment year 2006-07. The Assessing Officer found that the assessee had made cash deposits of Rs. 3,65,000/- and Rs. 25,47,000/- in State Bank of Mysore (SBM) and Axis Ban ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... de by the assessee in SBM and Axis Bank respectively had been satisfactorily explained by the assessee, set aside the disallowance made by the assessment Officer while computing the income of the assessee as unexplained cash deposits in SBM and Axis Bank on various dates and allowed the appeal by order dated 26.05.2009. Being aggrieved by the same, the revenue preferred appeal before the Tribunal, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... se. 4. We have heard the learned counsel appearing for the appellant and we have perused the original records. 5. It is clear from the documents which are produced by the assessee that the concurrent finding arrived at by the appellate authority and the Tribunal on the pure question of fact that the source of income in respect of the cash deposits in question has been satisfactorily explained ..... X X X X Extracts X X X X X X X X Extracts X X X X
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