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2019 (1) TMI 1818 - AT - Income TaxAddition u/s 68 - Unexplained Share Premium - HELD THAT:- In response to a query raised by the AO during the course of assessment proceedings, the authorized representative of the assessee-company filed a reply vide letter dated 25.03.2015 stating inter alia that reasonable opportunity be given to examine the documents on the basis of which allegation has been made; cross-examine the parties which is alleged to be bogus etc. Also in the cross objection the assessee has stated that the AO did not make available to the respondent of the materials based on which such addition is made, despite the request of the respondent during assessment. Also it has been stated in the cross objection filed by the assessee that the AO did not grant cross-examination of the parties to the respondent, despite the request of the respondent during assessment. We set aside the order of the CIT(A) and restore the matter to the file of the AO to make a de novo order after examining the aforesaid parties and allowing the assessee opportunity to cross-examine them. We direct the assessee to file the relevant documents/evidence before the AO.
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