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2021 (10) TMI 555 - AT - Income TaxReopening of assessment u/s 147 - Addition u/s 68 - Denial of natural justice - non-supply of the report of the enquiry to the assessee and not affording opportunity to the assessee to cross-examine the searched person - HELD THAT:- We find no merit in making addition in the reassessment proceeding under Section 68 of the Act particularly for non-supply of the report of the enquiry to the assessee and not affording opportunity to the assessee to cross-examine the searched person which goes to the root of the matter. We do not find any basis in such proceeding and hence the same is hereby quashed. Consequently, the addition made therein is hereby deleted. Hence, assessee's appeal is, thus, allowed.
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