Tribunal held that the entries relating to the advances received were from the relative from Canada being recorded in the books of accounts and the assessee also explained that this amount was received as an advance for making the investment in the property by the said persons and the assessee was engaged in the property business. Therefore, the Ld. AO was not justified in invoking the provisions section 69A particularly when entries were recorded, the explanation relating to the purpose of receiving the advances was given, identity of the person from whom amount was received was disclosed. As a result, the addition made by the A.O. and sustained by the CIT(A) was not justified. (AY. 2004-05)