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2010 (4) TMI 1058 - HC - Income TaxAddition made on account of investment in land - real owner of land - certain incriminating documents were found containing details of transactions of land entered into with land owners and builders - HELD THAT:- The land situated at Thaltej Char Rasta has been sold by the assessee to Shri G.C. Patel through Shri Manoj Vadodaria, there is no material on record to indicate that the said land in fact belongs to the assessee. Though the AO has placed reliance upon the statements of Shri Manoj Vadodaria and Shri G.C. Patel for the purpose of taxing the amount in the hands of the assessee, despite specific request being made by the assessee for cross-examining both the said persons, the AO has not permitted the assessee to cross-examine them. In the circumstances, no reliance could be placed upon the statements of the said persons as the respondent assessee had no opportunity to cross-examine them. The statements made by the aforesaid persons would have no evidentiary value and as such, would not be admissible in evidence. Further, though the said Shri Manoj Vadodaria has stated that he has paid ₹ 60 lakhs to the assessee on behalf of one Shri G.C. Patel, the said amount has not been taxed in the hands of Shri G.C. Patel. Moreover, no evidence has been adduced to indicate that any transaction in relation to the land in question has actually taken place. Tribunal has rightly found that the basis for making the addition in the case of the assessee is merely a bald statement of Shri Manoj Vadodaria, which is not corroborated with any documentary evidence found at the time of search, either in the case of Shri Suresh A. Patel or Shri Manoj Vadodaria or the assessee. No plea to the effect that the impugned order of the Tribunal suffers from any perversity has been raised. Tribunal having based its conclusion on findings of fact recorded by it after appreciation of the evidence on record, it cannot be stated that the impugned order of the Tribunal suffers from any legal infirmity while holding that there was no justification for making the disputed addition in the hands of the assessee and directing deletion thereof. Besides it is not the case of the Revenue that the order of the Tribunal is vitiated on account of any perversity. Decided in favour of the assessee.
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