Addition u/s. 68 unsustainable as genuineness of depositors proved

Sampat Lal Lodha Vs ITO (ITAT Jodhpur) ITAT Jodhpur held that addition under section 68 of the Income Tax Act towards unexplained credit unsustainable as genuineness of the depositors provided by filing confirmation, affidavits, bank statement, etc. Facts- The return of the assessee was e-filed and processed u/s. 143(1). Thereafter, as per information received from the ADIT(Inv.)-II, Udaipur, it was gathered that the assessee has made investment of Rs. 48,80,350/- for construction of residential complex at Nathdwara during the financial year 2009-10. However, as per return of income filed for ...