https://www.taxtmi.com/caselaws?id=188927 The Tribunal allowed the appeals of the assessee, deleting additions for unexplained share capital and alleged commission. It held the assessment under Section 153A invalid due to lack of incriminating material found during the search. Emphasizing the importance of providing cross-examination opportunities for third-party witnesses, the Tribunal ruled that statements recorded without such opportunities cannot be used against the assessee. The decision aligned with principles set by the Hon'ble Delhi High Court and Supreme Court on assessment validity and evidentiary value of search operation statements. en-us Tue, 31 May 2016 00:00:00 +0530 Wed, 21 Dec 2016 07:29:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188927 The Tribunal allowed the appeals of the assessee, deleting additions for unexplained share capital and alleged commission. It held the assessment under Section 153A invalid due to lack of incriminating material found during the search. Emphasizing the importance of providing cross-examination opportunities for third-party witnesses, the Tribunal ruled that statements recorded without such opportunities cannot be used against the assessee. The decision aligned with principles set by the Hon'ble Delhi High Court and Supreme Court on assessment validity and evidentiary value of search operation statements. Case-Laws Income Tax Tue, 31 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188927