Section 69 Addition Overturned: No Evidence of Unexplained Land Investment Found in Assessee's Name.

Addition u/s 69 - unexplained investment made in purchase of land - no asset came into existence in the name of the assessee, which requires to be shown in the books of accounts. The ld.AO has simply assumed certain facts, and assumed existence of unexplained asset which requires to be added u/s 69 - Additions were rightly deleted. .....

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