https://www.taxtmi.com/caselaws?id=267477 Reliance solely on a subsequently retracted statement made during search, without affording the assessee an opportunity to cross-examine the declarant, violates principles of natural justice and renders additions based on that statement unjustified, leading to reversal of additions supported only by such statements. Where total export realisation was assessed on the basis of a witness statement that contained incriminating particulars, denial of cross-examination caused the addition to be unsustainable and required remittance or deletion. The decision also emphasises the need for statutory appellate remedies to be availed and for finality in long-running block period assessments, affecting the course of further proceedings. en-us Mon, 02 Nov 2015 00:00:00 +0530 Mon, 19 Jan 2026 16:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267477 Reliance solely on a subsequently retracted statement made during search, without affording the assessee an opportunity to cross-examine the declarant, violates principles of natural justice and renders additions based on that statement unjustified, leading to reversal of additions supported only by such statements. Where total export realisation was assessed on the basis of a witness statement that contained incriminating particulars, denial of cross-examination caused the addition to be unsustainable and required remittance or deletion. The decision also emphasises the need for statutory appellate remedies to be availed and for finality in long-running block period assessments, affecting the course of further proceedings. Case-Laws Income Tax Mon, 02 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267477