https://www.taxtmi.com/caselaws?id=445652 An assessment based on third-party statements and seized material could not be sustained where the assessee was denied copies of relied-upon material, a personal hearing, and cross-examination of the witnesses whose statements formed the basis of additions; the denial breached natural justice and invalidated the dependent penalty orders. Electronic records such as pen drives and excel sheets also could not be relied on without compliance with Section 65B and the required statutory safeguards, so that material was not duly proved for assessment purposes. The impugned assessment and penalty orders were set aside and the matter was remitted for fresh assessment after disclosure of material, cross-examination, compliance with electronic evidence requirements, and hearing. en-us Tue, 31 Oct 2023 00:00:00 +0530 Wed, 31 Dec 2025 16:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445652 An assessment based on third-party statements and seized material could not be sustained where the assessee was denied copies of relied-upon material, a personal hearing, and cross-examination of the witnesses whose statements formed the basis of additions; the denial breached natural justice and invalidated the dependent penalty orders. Electronic records such as pen drives and excel sheets also could not be relied on without compliance with Section 65B and the required statutory safeguards, so that material was not duly proved for assessment purposes. The impugned assessment and penalty orders were set aside and the matter was remitted for fresh assessment after disclosure of material, cross-examination, compliance with electronic evidence requirements, and hearing. Case-Laws Income Tax Tue, 31 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445652