https://www.taxtmi.com/caselaws?id=196445 The appeal challenged the reopening of assessment for the assessment year 2008-09 due to alleged bogus purchases of shares and estimated unexplained expenditure. The Tribunal found that the AO violated natural justice by not allowing the appellant to cross-examine a key witness whose statement formed the basis of the assessment. As a result, the Tribunal directed the AO to permit cross-examination and reconsider the issues, emphasizing the importance of procedural fairness and the right to challenge evidence in assessment proceedings. The appeal was allowed for statistical purposes. en-us Mon, 04 Jul 2016 00:00:00 +0530 Fri, 01 Dec 2017 07:29:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196445 The appeal challenged the reopening of assessment for the assessment year 2008-09 due to alleged bogus purchases of shares and estimated unexplained expenditure. The Tribunal found that the AO violated natural justice by not allowing the appellant to cross-examine a key witness whose statement formed the basis of the assessment. As a result, the Tribunal directed the AO to permit cross-examination and reconsider the issues, emphasizing the importance of procedural fairness and the right to challenge evidence in assessment proceedings. The appeal was allowed for statistical purposes. Case-Laws Income Tax Mon, 04 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196445