https://www.taxtmi.com/caselaws?id=313931 The ITAT Jaipur allowed the assessee's appeal against reopening of assessment for unexplained investment in plot purchase. The AO had made addition based on information from Investigation Wing regarding on-money of Rs. 2000/- per square yard accepted by one party in Revenue Residency Scheme sale. The ITAT deleted the addition following precedent in Dhirendra Singh case, holding that additions cannot be made solely on statements without corroborative material and without providing the assessee opportunity to cross-examine the person whose statement formed basis of addition. en-us Wed, 10 Apr 2019 00:00:00 +0530 Wed, 08 May 2024 20:12:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=313931 The ITAT Jaipur allowed the assessee's appeal against reopening of assessment for unexplained investment in plot purchase. The AO had made addition based on information from Investigation Wing regarding on-money of Rs. 2000/- per square yard accepted by one party in Revenue Residency Scheme sale. The ITAT deleted the addition following precedent in Dhirendra Singh case, holding that additions cannot be made solely on statements without corroborative material and without providing the assessee opportunity to cross-examine the person whose statement formed basis of addition. Case-Laws Income Tax Wed, 10 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=313931