https://www.taxtmi.com/caselaws?id=288723 The ITAT allowed the appeal of the assessee, ruling in favor of the assessee on both the issues of reopening of assessment and addition on merit. The ITAT highlighted the lack of evidence and due process in making the addition, emphasizing the importance of providing the assessee with an opportunity to rebut incriminating statements. The decision to delete the addition was based on the absence of material justifying the addition and the failure to allow cross-examination. As the addition on merit was deemed unjustified, the issue of reopening of assessment was considered academically moot and left undetermined. en-us Tue, 05 Mar 2019 00:00:00 +0530 Thu, 25 Jun 2020 09:35:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288723 The ITAT allowed the appeal of the assessee, ruling in favor of the assessee on both the issues of reopening of assessment and addition on merit. The ITAT highlighted the lack of evidence and due process in making the addition, emphasizing the importance of providing the assessee with an opportunity to rebut incriminating statements. The decision to delete the addition was based on the absence of material justifying the addition and the failure to allow cross-examination. As the addition on merit was deemed unjustified, the issue of reopening of assessment was considered academically moot and left undetermined. Case-Laws Income Tax Tue, 05 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288723