https://www.taxtmi.com/caselaws?id=188256 The Tribunal upheld the CIT(A)'s decision, emphasizing that the Assessing Officer's reliance on the statement of Shri Mukesh Choksi without providing an opportunity for cross-examination was against the principles of natural justice. The appeal filed by the revenue was dismissed, and the order confirmed the deletion of the addition and the treatment of the profit on the sale of shares as long-term capital gains. en-us Wed, 10 Aug 2016 00:00:00 +0530 Wed, 23 Nov 2016 12:50:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188256 The Tribunal upheld the CIT(A)'s decision, emphasizing that the Assessing Officer's reliance on the statement of Shri Mukesh Choksi without providing an opportunity for cross-examination was against the principles of natural justice. The appeal filed by the revenue was dismissed, and the order confirmed the deletion of the addition and the treatment of the profit on the sale of shares as long-term capital gains. Case-Laws Income Tax Wed, 10 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188256