https://www.taxtmi.com/caselaws?id=226235 The Tribunal dismissed the Revenue's appeal and allowed the assessee's appeal, resulting in the deletion of the entire addition of Rs. 83,78,699. The Tribunal found that the statement of Shri Panwala alone was insufficient to justify the addition, emphasizing the lack of proper investigation and evidence. The Tribunal held that the Revenue failed to enforce Shri Panwala's attendance for cross-examination, leading to a violation of natural justice. The Tribunal concluded that no addition was legally sustainable based solely on Shri Panwala's statement, ultimately ruling in favor of the assessee and against the Revenue. en-us Thu, 16 Dec 2010 00:00:00 +0530 Mon, 22 Apr 2013 13:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=226235 The Tribunal dismissed the Revenue's appeal and allowed the assessee's appeal, resulting in the deletion of the entire addition of Rs. 83,78,699. The Tribunal found that the statement of Shri Panwala alone was insufficient to justify the addition, emphasizing the lack of proper investigation and evidence. The Tribunal held that the Revenue failed to enforce Shri Panwala's attendance for cross-examination, leading to a violation of natural justice. The Tribunal concluded that no addition was legally sustainable based solely on Shri Panwala's statement, ultimately ruling in favor of the assessee and against the Revenue. Case-Laws Income Tax Thu, 16 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=226235