https://www.taxtmi.com/caselaws?id=459055 ITAT Raipur held that addition under section 69B based on third-party statements without allowing cross-examination violated principles of natural justice. The assessee was confronted with adverse statements, rebutted them as factually incorrect, and requested cross-examination of witnesses including the prime witness. AO rejected these requests as delaying tactics and made the addition. The tribunal found that denying reasonable opportunity to substantiate contentions through cross-examination was against settled legal principles, particularly for unexplained investment additions. The matter was remanded to AO for fresh adjudication with proper opportunity of being heard. Appeal partly allowed for statistical purposes. en-us Mon, 22 Jan 2024 00:00:00 +0530 Wed, 27 Nov 2024 18:34:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459055 ITAT Raipur held that addition under section 69B based on third-party statements without allowing cross-examination violated principles of natural justice. The assessee was confronted with adverse statements, rebutted them as factually incorrect, and requested cross-examination of witnesses including the prime witness. AO rejected these requests as delaying tactics and made the addition. The tribunal found that denying reasonable opportunity to substantiate contentions through cross-examination was against settled legal principles, particularly for unexplained investment additions. The matter was remanded to AO for fresh adjudication with proper opportunity of being heard. Appeal partly allowed for statistical purposes. Case-Laws Income Tax Mon, 22 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459055