2018 (4) TMI 2031

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....allong Yaden, Addl. CIT, appearing on behalf ORDER Per J. Sudhakar Reddy :- This appeal filed by the assessee is directed against the order of the ld. Commissioner of Income Tax (Appeals)-5, Kolkata (hereinafter the 'ld. CIT (A)'), passed u/s 250 of the Income Tax Act, 1961 (the 'Act'), dt. 08/05/2017, for the Assessment Year 2013-14. 2. The assessee is a company and derives income fro....

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.... statement based on which the addition has been made has to be provided to the assessee. Otherwise, a retracted statement cannot be the basis of making an addition. The ld. CIT(A) at para 1.3. of his order, was of the view that no purpose would be served by affording an opportunity of cross-examination to the assessee, in view of the retraction made by the assessee. While this is true, the stateme....