https://www.taxtmi.com/caselaws?id=780039 ITAT, Ahmedabad upheld the validity of the AO's assumption of jurisdiction under s.153C r.w.s.153A, finding sufficient adverse material from the search and admissions despite the satisfaction note not recording every item. However, because the assessment rested primarily on third-party statements and the assessee was not afforded an opportunity to cross-examine those witnesses, the Tribunal set aside the assessment on that ground and remitted the matter to the AO to allow cross-examination and re-adjudicate in accordance with law. en-us Thu, 23 Jan 2025 00:00:00 +0530 Tue, 14 Oct 2025 17:12:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780039 ITAT, Ahmedabad upheld the validity of the AO's assumption of jurisdiction under s.153C r.w.s.153A, finding sufficient adverse material from the search and admissions despite the satisfaction note not recording every item. However, because the assessment rested primarily on third-party statements and the assessee was not afforded an opportunity to cross-examine those witnesses, the Tribunal set aside the assessment on that ground and remitted the matter to the AO to allow cross-examination and re-adjudicate in accordance with law. Case-Laws Income Tax Thu, 23 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780039