AO Denied Section 35AC Deduction Without Allowing Cross-Examination of Trustee; No Substantial Evidence Against Assessee.

AO Denied Section 35AC Deduction Without Allowing Cross-Examination of Trustee; No Substantial Evidence Against Assessee. https://www.taxtmi.com/highlights?id=56504 Denial of deduction u/s 35AC on the basis of statement of Trustee - AO ought to have provided material used against the assessee apart from providing an opportunity to cross examine deponent whose statement was used against the assessee. Besides the said statement there is no substantive material to disbelieve the claim of assessee. - AT en-us Sat, 30 Jan 2021 07:02:22 +0530 Sat, 30 Jan 2021 07:02:22 +0530 TaxTMI RSS Generator AO Denied Section 35AC Deduction Without Allowing Cross-Examination of Trustee; No Substantial Evidence Against Assessee. https://www.taxtmi.com/highlights?id=56504 Denial of deduction u/s 35AC on the basis of statement of Trustee - AO ought to have provided material used against the assessee apart from providing an opportunity to cross examine deponent whose statement was used against the assessee. Besides the said statement there is no substantive material to disbelieve the claim of assessee. - AT Highlights Income Tax Sat, 30 Jan 2021 07:02:22 +0530 https://www.taxtmi.com/highlights?id=56504