https://www.taxtmi.com/caselaws?id=462203 Additions in reassessment cannot be sustained where they rest only on a pending CBI investigation, charge-sheet material, and untested statements, without supplying the assessee the year-wise basis or underlying documents. The ITAT noted that the assessee was denied cross-examination and no independent corroborative enquiry was made to support the quantified additions. In the absence of confrontation with the material and supporting evidence, reliance on preliminary investigative allegations was unjustified. The deletion of the additions by the first appellate authority was therefore upheld and the Revenue's challenge failed. en-us Wed, 17 Apr 2024 00:00:00 +0530 Fri, 30 May 2025 12:36:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462203 Additions in reassessment cannot be sustained where they rest only on a pending CBI investigation, charge-sheet material, and untested statements, without supplying the assessee the year-wise basis or underlying documents. The ITAT noted that the assessee was denied cross-examination and no independent corroborative enquiry was made to support the quantified additions. In the absence of confrontation with the material and supporting evidence, reliance on preliminary investigative allegations was unjustified. The deletion of the additions by the first appellate authority was therefore upheld and the Revenue's challenge failed. Case-Laws Income Tax Wed, 17 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462203