https://www.taxtmi.com/caselaws?id=301712 An addition on long-term capital gain could not be sustained where the assessee was not supplied the investigation report and related material relied upon, and was denied cross-examination of persons whose statements supported the adverse inference. The absence of these materials deprived the assessee of a fair opportunity to rebut the evidence, so the matter had to be reconsidered in accordance with natural justice. The order was set aside and the case was remitted to the Assessing Officer for fresh decision after furnishing the relevant material and allowing adequate opportunity of hearing and rebuttal. en-us Wed, 03 Jul 2019 00:00:00 +0530 Sun, 17 Apr 2022 19:52:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301712 An addition on long-term capital gain could not be sustained where the assessee was not supplied the investigation report and related material relied upon, and was denied cross-examination of persons whose statements supported the adverse inference. The absence of these materials deprived the assessee of a fair opportunity to rebut the evidence, so the matter had to be reconsidered in accordance with natural justice. The order was set aside and the case was remitted to the Assessing Officer for fresh decision after furnishing the relevant material and allowing adequate opportunity of hearing and rebuttal. Case-Laws Income Tax Wed, 03 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301712