If the assessee explains the source of money invested in immovable property, then no addition under section 69 called for

Commissioner of Income Tax v. Parvesh Mahajan (2014) 57 (I) ITCL 122 (P&H-High Court)

Where in order to establish that land was purchased out of loan received from a company, assessee had produced the copy of confirmations, PAN number, income-tax particulars and audited accounts of the lendor-company, no addition could be made on account of unexplained investments.