https://www.taxtmi.com/caselaws?id=375505 Section 68 was treated as inapplicable where no credit was shown in the assessee's books of account, and bank statements or other raw data were not regarded as books for that purpose; the alleged share sale proceeds and related commission addition were therefore unsustainable. The Tribunal also noted that additions based on third-party statements and investigation material could not survive when the assessee was not given the relied-upon material or an effective opportunity to cross-examine the persons whose statements were used, as this violated natural justice. Section 292B could not cure that defect, and the additions were deleted. en-us Mon, 11 Feb 2019 00:00:00 +0530 Wed, 27 May 2026 12:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375505 Section 68 was treated as inapplicable where no credit was shown in the assessee's books of account, and bank statements or other raw data were not regarded as books for that purpose; the alleged share sale proceeds and related commission addition were therefore unsustainable. The Tribunal also noted that additions based on third-party statements and investigation material could not survive when the assessee was not given the relied-upon material or an effective opportunity to cross-examine the persons whose statements were used, as this violated natural justice. Section 292B could not cure that defect, and the additions were deleted. Case-Laws Income Tax Mon, 11 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375505