https://www.taxtmi.com/caselaws?id=757169 ITAT Chennai allowed the assessee's appeal and deleted the addition of Rs. 50 lakhs made by AO based on Dr. P.Mahalingam's statement recorded during search under section 132(4). The tribunal held that denial of cross-examination despite assessee's request violated principles of natural justice, rendering the third-party statement null in law. Following SC precedents in Kishan Chand Chellaram and Andaman Timber Industries cases, ITAT ruled that omission to allow cross-examination of third-party statements vitiates such additions. en-us Fri, 09 Aug 2024 00:00:00 +0530 Sat, 17 Aug 2024 08:04:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757169 ITAT Chennai allowed the assessee's appeal and deleted the addition of Rs. 50 lakhs made by AO based on Dr. P.Mahalingam's statement recorded during search under section 132(4). The tribunal held that denial of cross-examination despite assessee's request violated principles of natural justice, rendering the third-party statement null in law. Following SC precedents in Kishan Chand Chellaram and Andaman Timber Industries cases, ITAT ruled that omission to allow cross-examination of third-party statements vitiates such additions. Case-Laws Income Tax Fri, 09 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757169