The Tribunal held that the entries relating to the advances received were recorded in the books of account. The assessee had furnished all the details relating to the source of advance received by him. Hence, the additions made by the A.O. were not justified. (AY. 2014-15)
Jagmohan Kaur Bajwa (Smt.) v. ITO (2022)97 ITR 149 (Chd) (Trib)
S. 69A : Unexplained money-Money received from relatives-entries recorded in the books of accounts-Explanation of the purpose of receiving the money given-Identity of persons not in doubt-payments received through banking channel-Addition made not proper.