https://www.taxtmi.com/caselaws?id=371148 The ITAT Delhi allowed the appeal of the assessee based on the legal ground of denial of the opportunity to cross-examine witnesses, quashing the assessment order. The court emphasized the importance of upholding principles of natural justice in tax proceedings, citing the serious flaw in not allowing cross-examination, which adversely affected the assessee. The addition of long term capital gain under section 68 of the Income Tax Act was set aside due to the violation of natural justice principles, as the AO and CIT (A) based their decisions on statements without granting the assessee an opportunity to cross-examine the individuals involved. en-us Tue, 27 Nov 2018 00:00:00 +0530 Thu, 29 Nov 2018 07:56:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371148 The ITAT Delhi allowed the appeal of the assessee based on the legal ground of denial of the opportunity to cross-examine witnesses, quashing the assessment order. The court emphasized the importance of upholding principles of natural justice in tax proceedings, citing the serious flaw in not allowing cross-examination, which adversely affected the assessee. The addition of long term capital gain under section 68 of the Income Tax Act was set aside due to the violation of natural justice principles, as the AO and CIT (A) based their decisions on statements without granting the assessee an opportunity to cross-examine the individuals involved. Case-Laws Income Tax Tue, 27 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371148