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2023 (12) TMI 392 - ITAT INDOREUnexplained advances from customers towards booking of plots - Addition u/s 68 - HELD THAT:- As assessee has received advance towards booking of plot and received further sums in subsequent financial year as well. That apart, the whole money was refunded through banking channel via bank a/c of director of assessee-company. The evidences placed by assessee in terms of Rule 29 to demonstrate these factual aspects are taken as authentic evidences and relying upon the same and having considered the explanations made by Ld. AR, we are inclined to accept that the advance received by assessee is proved appropriately and, therefore, addition made by AO deserves to be deleted. Decided in favour of assessee.
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