https://www.taxtmi.com/caselaws?id=433220 The Tribunal allowed the appeals filed by the assessee, directing the deletion of the additions made by the Assessing Officer and upheld by the Commissioner of Income Tax (Appeals). The reassessment proceedings were deemed invalid due to procedural lapses and lack of substantive evidence against the assessee. The Tribunal emphasized the importance of procedural fairness and adherence to principles of natural justice, highlighting the necessity of providing opportunities for cross-examination when third-party statements are used as the basis for reassessment. en-us Wed, 11 Jan 2023 00:00:00 +0530 Tue, 24 Jan 2023 10:12:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433220 The Tribunal allowed the appeals filed by the assessee, directing the deletion of the additions made by the Assessing Officer and upheld by the Commissioner of Income Tax (Appeals). The reassessment proceedings were deemed invalid due to procedural lapses and lack of substantive evidence against the assessee. The Tribunal emphasized the importance of procedural fairness and adherence to principles of natural justice, highlighting the necessity of providing opportunities for cross-examination when third-party statements are used as the basis for reassessment. Case-Laws Income Tax Wed, 11 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433220