https://www.taxtmi.com/caselaws?id=208838 Additions for unexplained expenditure cannot rest solely on statements retracted at the earliest opportunity, particularly where coercion is alleged, no independent enquiry corroborates the alleged source of foreign currency, and the affected party is denied the adverse statement or effective cross-examination. Such reliance breaches natural justice, requiring deletion of the addition. A concealment penalty wholly dependent on that addition has no independent foundation once the quantum addition fails and must also be deleted. en-us Fri, 29 Jan 2010 00:00:00 +0530 Tue, 31 Jan 2012 07:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=208838 Additions for unexplained expenditure cannot rest solely on statements retracted at the earliest opportunity, particularly where coercion is alleged, no independent enquiry corroborates the alleged source of foreign currency, and the affected party is denied the adverse statement or effective cross-examination. Such reliance breaches natural justice, requiring deletion of the addition. A concealment penalty wholly dependent on that addition has no independent foundation once the quantum addition fails and must also be deleted. Case-Laws Income Tax Fri, 29 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=208838