2016 (8) TMI 109

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..... assessee, and in case of statement of third party recorded at the back of the assessee, opportunity of cross examination has to be offered to the assessee, failing which the said material/statement etc. will be rendered on unreliable and additions made on the basis of such material/statement etc. shall be rendered illegal." The CIT (A) concluded that the Assessee had discharged the onus of provin .....

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..... dated 11th January 2016 passed by the Income Tax Appellate Tribunal ( ITAT ) in ITA No. 1722/Del/2011 for the Assessment Year ( AY ) 2007-08. 3. The short question that is sought to be urged by the Revenue in this appeal is whether the ITAT was correct in upholding the order of the Commissioner of Income Tax (Appeals) [ CIT(A) ] who allowed the appeal of the Assessee by deleting the addition of .....

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..... ir bank statements, they did not appear in response to the summons issued to them under Section 131 of the Act. On that basis the AO made the addition of ₹ 70 lakhs under Section 68 of the Act. 5. The CIT (A), after discussing a number of judicial precedents, noted the settled legal position that it is mandatory for the AO to confront the assessee with any material collected by the AO at .....

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