Assessing Officer's claim of underinvestment u/s 69B dismissed due to lack of evidence; no income addition for assessee.

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....Addition u/s 69B - assessee purchased the land directly from PISCO at the prevalent circle rate - the presumption of the AO could not lead to a conclusion of under investment by the assessee, liable for addition - The burden was on the department to prove understatement of sale consideration which was not discharged - no addition....