https://www.taxtmi.com/caselaws?id=753339 ITAT Indore ruled in favor of the assessee regarding unexplained cash investment for immovable property purchase. The addition was based on documents seized from a third party and his statement during search operations. The AO failed to provide cross-examination opportunity of the third party witness to the assessee, violating natural justice principles. Since the AO could not discharge his burden of bringing the witness for cross-examination and lacked corroborative evidence proving the investment, the addition was deleted. en-us Wed, 10 Jan 2024 00:00:00 +0530 Thu, 30 May 2024 10:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753339 ITAT Indore ruled in favor of the assessee regarding unexplained cash investment for immovable property purchase. The addition was based on documents seized from a third party and his statement during search operations. The AO failed to provide cross-examination opportunity of the third party witness to the assessee, violating natural justice principles. Since the AO could not discharge his burden of bringing the witness for cross-examination and lacked corroborative evidence proving the investment, the addition was deleted. Case-Laws Income Tax Wed, 10 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753339