Bona fide disclosure requirements govern under-reporting penalties, and post-penalty immunity applications cannot secure available statutory protectio...
Certificate-of-origin verification procedure governs preferential customs benefits; denial without retroactive verification was set aside with consequ...
Disciplinary Committee jurisdiction and mandatory investigation requirements invalidated cancellation of an insolvency professional's registration and...
Retention of seized property survives where recorded reasons support proceeds of crime, while stayed investigation periods are excluded from limitatio...
The ITAT Indore addressed unexplained cash investment for property purchase post search operation. Addition without cross-examination was challenged. The Tribunal emphasized burden of proof on AO to allow cross-examination of third party whose documents led to addition. Failure to provide cross-examination opportunity led to deletion of alleged cash investment addition. Lack of additional evidence by Revenue and similarity to precedent case resulted in relief for the assessee. The Tribunal ruled in favor of the assessee due to insufficient evidence and failure to adhere to principles of natural justice.
The ITAT Indore addressed unexplained cash investment for property purchase post search operation. Addition without cross-examination was challenged. The Tribunal emphasized burden of proof on AO to allow cross-examination of third party whose documents led to addition. Failure to provide cross-examination opportunity led to deletion of alleged cash investment addition. Lack of additional evidence by Revenue and similarity to precedent case resulted in relief for the assessee. The Tribunal ruled in favor of the assessee due to insufficient evidence and failure to adhere to principles of natural justice.
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