https://www.taxtmi.com/caselaws?id=441865 Assessment and penalty based on undisclosed third-party records could not be sustained where the material was neither furnished to the assessee nor tested through cross-examination. The court held that fastening liability on the assessee by requiring it to disprove alleged transactions placed an improper burden to prove a negative and violated fair procedure. As the revision of assessment and consequential penalty were founded on material withheld from the assessee, the impugned orders were quashed for breach of natural justice. en-us Wed, 09 Aug 2023 00:00:00 +0530 Sat, 19 Aug 2023 10:12:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441865 Assessment and penalty based on undisclosed third-party records could not be sustained where the material was neither furnished to the assessee nor tested through cross-examination. The court held that fastening liability on the assessee by requiring it to disprove alleged transactions placed an improper burden to prove a negative and violated fair procedure. As the revision of assessment and consequential penalty were founded on material withheld from the assessee, the impugned orders were quashed for breach of natural justice. Case-Laws VAT and Sales Tax Wed, 09 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441865