https://www.taxtmi.com/caselaws?id=788647 ITAT Jaipur deleted the addition for alleged unexplained investment in agricultural land because the assessee substantiated the source of funds with lender confirmations, recorded statements, land records, agricultural receipts, bank statements, girdhavari entries and income-tax returns, thereby establishing identity, creditworthiness and genuineness. It also rejected the trading addition made on estimated profit because the books of account were regularly maintained and no specific defect was identified. In the absence of such defects, an estimated addition could not be sustained. The assessee obtained full relief and the additions were set aside. en-us Mon, 23 Mar 2026 00:00:00 +0530 Thu, 26 Mar 2026 09:05:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788647 ITAT Jaipur deleted the addition for alleged unexplained investment in agricultural land because the assessee substantiated the source of funds with lender confirmations, recorded statements, land records, agricultural receipts, bank statements, girdhavari entries and income-tax returns, thereby establishing identity, creditworthiness and genuineness. It also rejected the trading addition made on estimated profit because the books of account were regularly maintained and no specific defect was identified. In the absence of such defects, an estimated addition could not be sustained. The assessee obtained full relief and the additions were set aside. Case-Laws Income Tax Mon, 23 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788647