AO Denied Section 35AC Deduction Without Allowing Cross-Examination of Trustee; No Substantial Evidence Against Assessee.

Denial of deduction u/s 35AC on the basis of statement of Trustee - AO ought to have provided material used against the assessee apart from providing an opportunity to cross examine deponent whose statement was used against the assessee. Besides the said statement there is no substantive material to disbelieve the claim of assessee. - AT .....

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