https://www.taxtmi.com/caselaws?id=465862 Whether an addition under s. 68 for an allegedly bogus unsecured loan could be sustained on the basis of Investigation Wing information gathered from a third party without disclosing such material to the assessee and affording an opportunity to rebut it was the dominant issue. Applying the SC rule in Dhakeswari Cotton Mills that reliance on undisclosed material violates fundamental principles of natural justice and denies a fair hearing, the HC held that such information cannot be used against the assessee without disclosure and rebuttal opportunity; consequently, the ITAT's deletion of the s. 68 addition was affirmed and the appeal was dismissed for want of any substantial question of law. en-us Wed, 17 Jan 2018 00:00:00 +0530 Mon, 12 Jan 2026 10:36:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465862 Whether an addition under s. 68 for an allegedly bogus unsecured loan could be sustained on the basis of Investigation Wing information gathered from a third party without disclosing such material to the assessee and affording an opportunity to rebut it was the dominant issue. Applying the SC rule in Dhakeswari Cotton Mills that reliance on undisclosed material violates fundamental principles of natural justice and denies a fair hearing, the HC held that such information cannot be used against the assessee without disclosure and rebuttal opportunity; consequently, the ITAT's deletion of the s. 68 addition was affirmed and the appeal was dismissed for want of any substantial question of law. Case-Laws Income Tax Wed, 17 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465862