https://www.taxtmi.com/caselaws?id=463122 The ITAT Chandigarh allowed the assessee's appeal against the reopening of assessment under section 147. The addition of long-term capital gains was based on information from the Dy. Director (Inv.) alleging bogus share transactions. The CIT(A) upheld the addition without granting the assessee an opportunity to cross-examine the witness or examine relevant documents. The Tribunal held that denial of such opportunity violated principles of natural justice. Since the assessee was not allowed to confront the evidence relied upon, the addition was set aside, and the appeal was allowed. en-us Thu, 19 Nov 2015 00:00:00 +0530 Thu, 07 Aug 2025 20:34:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463122 The ITAT Chandigarh allowed the assessee's appeal against the reopening of assessment under section 147. The addition of long-term capital gains was based on information from the Dy. Director (Inv.) alleging bogus share transactions. The CIT(A) upheld the addition without granting the assessee an opportunity to cross-examine the witness or examine relevant documents. The Tribunal held that denial of such opportunity violated principles of natural justice. Since the assessee was not allowed to confront the evidence relied upon, the addition was set aside, and the appeal was allowed. Case-Laws Income Tax Thu, 19 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463122