https://www.taxtmi.com/caselaws?id=467956 Adverse third-party material used to disallow contract expenditure cannot support an addition without confrontation, cross-examination or proper enquiry from all concerned contractors, so the matter requires fresh examination. Advances from customers were treated as explained where supported by confirmations, bank records, return filings and later adjustment against recorded sales, so unexplained cash credit treatment was not justified. Cash deposits in bank accounts were similarly explained through opening cash balance, withdrawals, sales and advances backed by documents, so the addition was deleted. Material already furnished before the Assessing Officer did not amount to fresh evidence, so no Rule 46A violation arose. en-us Tue, 31 Oct 2023 00:00:00 +0530 Fri, 10 Apr 2026 16:49:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467956 Adverse third-party material used to disallow contract expenditure cannot support an addition without confrontation, cross-examination or proper enquiry from all concerned contractors, so the matter requires fresh examination. Advances from customers were treated as explained where supported by confirmations, bank records, return filings and later adjustment against recorded sales, so unexplained cash credit treatment was not justified. Cash deposits in bank accounts were similarly explained through opening cash balance, withdrawals, sales and advances backed by documents, so the addition was deleted. Material already furnished before the Assessing Officer did not amount to fresh evidence, so no Rule 46A violation arose. Case-Laws Income Tax Tue, 31 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467956