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2016 (6) TMI 1301 - AT - Income TaxReopening of assessment - reopening after expiry of four years - addition u/s 68 - non providing assessee to cross examination - Held that:- The concerned issue has been enquired by AO by raising the query letter which has been responded with sufficient evidences as required U/s 68. The assessee has furnished name and address of the shareholders, PAN number, copy of bank account, ROC details, allotment of shares, payments receipts through banking channels, which are sufficient to discharge his onus casted on the assessee. AO had not provided any copy of the seized material and copy of statement to the assessee on which the AO relied upon. Further no cross examination has been allowed to the assessee as in the case of Andaman Timber (2015 (10) TMI 442 - SUPREME COURT) as held that not providing cross examination to the assessee is violation of the principles of natural justice - we reverse the order of the ld CIT(A) on reopening U/s 147/148 - Decided in favour of assessee
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