https://www.taxtmi.com/caselaws?id=464726 ITAT MUMBAI - AT held that additions under s.69C were unsustainable where the AO relied on third-party statements without allowing the assessee to cross-examine the witnesses, thereby violating principles of natural justice. The Tribunal followed precedents (SC and HC) that seized material or third-party statements without corroboration cannot form the basis for addition. It upheld the CIT(A)'s deletion of the additions, finding no infirmity in that view and noting similar deletions in earlier ITAT decisions. en-us Fri, 31 Jan 2025 00:00:00 +0530 Tue, 11 Nov 2025 19:01:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464726 ITAT MUMBAI - AT held that additions under s.69C were unsustainable where the AO relied on third-party statements without allowing the assessee to cross-examine the witnesses, thereby violating principles of natural justice. The Tribunal followed precedents (SC and HC) that seized material or third-party statements without corroboration cannot form the basis for addition. It upheld the CIT(A)'s deletion of the additions, finding no infirmity in that view and noting similar deletions in earlier ITAT decisions. Case-Laws Income Tax Fri, 31 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464726