No sec. 68 additions towards deposit of money in bank account which was withdrawn for purchase of property

INCOME TAX : Where AO made addition to assessee's income under section 68 in respect of amount deposited in bank, in view of fact that assessee had withdrawn those funds from his bank account four months ago for purchase of a property and, since, transaction relating to purchase of said property did not materialse, he re-deposited funds in question in his bank account, impugned addition was to be deleted

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