https://www.taxtmi.com/caselaws?id=384584 The Tribunal reversed the Assessing Officer's addition to the assessee's income based solely on the seller's statement and bank deposits, without corroborative evidence or allowing the assessee to cross-examine the seller. Citing legal precedents, the Tribunal emphasized the importance of concrete evidence and adherence to principles of natural justice. The orders of the Assessing Officer and the CIT(A) were overturned, and the assessee's appeal was allowed. en-us Wed, 14 Aug 2019 00:00:00 +0530 Sat, 17 Aug 2019 08:04:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384584 The Tribunal reversed the Assessing Officer's addition to the assessee's income based solely on the seller's statement and bank deposits, without corroborative evidence or allowing the assessee to cross-examine the seller. Citing legal precedents, the Tribunal emphasized the importance of concrete evidence and adherence to principles of natural justice. The orders of the Assessing Officer and the CIT(A) were overturned, and the assessee's appeal was allowed. Case-Laws Income Tax Wed, 14 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384584