https://www.taxtmi.com/caselaws?id=281923 The Tribunal ruled in favor of the assessees, directing the deletion of the addition of Rs. 15.07 crores in their hands due to alleged cash payments, citing a violation of natural justice principles and referencing a prior case decision. Regarding the disallowance of compensation paid to Frontline Financial Services Pvt Ltd, the Tribunal set aside the issue for reconsideration by the CIT(A) with directions to allow cross-examination of a crucial witness, emphasizing the right to natural justice. The appeals were partly allowed for statistical purposes, with instructions for a fresh decision on the compensation disallowance. en-us Thu, 12 May 2016 00:00:00 +0530 Sat, 13 Jul 2019 07:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281923 The Tribunal ruled in favor of the assessees, directing the deletion of the addition of Rs. 15.07 crores in their hands due to alleged cash payments, citing a violation of natural justice principles and referencing a prior case decision. Regarding the disallowance of compensation paid to Frontline Financial Services Pvt Ltd, the Tribunal set aside the issue for reconsideration by the CIT(A) with directions to allow cross-examination of a crucial witness, emphasizing the right to natural justice. The appeals were partly allowed for statistical purposes, with instructions for a fresh decision on the compensation disallowance. Case-Laws Income Tax Thu, 12 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281923