https://www.taxtmi.com/caselaws?id=463353 ITAT (Ahmedabad) set aside addition under s.69 treating the proprietor's statement as sole basis and remanded to CIT(A) for fresh adjudication because the assessee was denied opportunity to cross-examine the supplier and to produce bank evidence regarding the loan and payment. The Tribunal held principles of natural justice were breached, directed recording of supplier and bank officer statements and thorough examination of genuineness of funds and purchase before making any addition. Appeals of the assessee are treated as allowed for statistical purposes. en-us Tue, 11 Jun 2024 00:00:00 +0530 Wed, 27 Aug 2025 19:01:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463353 ITAT (Ahmedabad) set aside addition under s.69 treating the proprietor's statement as sole basis and remanded to CIT(A) for fresh adjudication because the assessee was denied opportunity to cross-examine the supplier and to produce bank evidence regarding the loan and payment. The Tribunal held principles of natural justice were breached, directed recording of supplier and bank officer statements and thorough examination of genuineness of funds and purchase before making any addition. Appeals of the assessee are treated as allowed for statistical purposes. Case-Laws Income Tax Tue, 11 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463353