https://www.taxtmi.com/caselaws?id=432663 The Tribunal overturned the addition of Rs. 60 lakhs towards undisclosed investment for A.Y. 2005-06, ruling in favor of the assessee. The Tribunal found that the Assessing Officer's failure to provide the opportunity for cross-examination and the absence of crucial statements violated principles of natural justice. Due to lack of corroborative evidence and inconclusive information, the Tribunal concluded the addition was unjustified and directed its deletion, allowing the assessee's appeal. en-us Tue, 27 Dec 2022 00:00:00 +0530 Wed, 11 Jan 2023 08:43:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432663 The Tribunal overturned the addition of Rs. 60 lakhs towards undisclosed investment for A.Y. 2005-06, ruling in favor of the assessee. The Tribunal found that the Assessing Officer's failure to provide the opportunity for cross-examination and the absence of crucial statements violated principles of natural justice. Due to lack of corroborative evidence and inconclusive information, the Tribunal concluded the addition was unjustified and directed its deletion, allowing the assessee's appeal. Case-Laws Income Tax Tue, 27 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432663