Unexplained investments deleted, capital gains computed correctly, sundry creditors allowed.

The ITAT ruled in favor of the assessee, determining that long-term capital gains should be computed with deductions for the indexed cost of acquisition and exemptions under section 54B. The addition under section 68 for unexplained investment in immovable property was removed after the assessee provided sufficient evidence of the source. Similarly, the addition under section 69 was deleted as the source for the property purchase was explained through sale proceeds. The disallowance of sundry creditors was also rejected, as the assessee demonstrated the genuineness and creditworthiness of the lenders. .....

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