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2022 (12) TMI 289 - AT - Income TaxUnexplained deposits in saving bank account - additional amount found deposited in his savings bank account with Andhra Bank, Medavakkam - unexplained cash deposit - HELD THAT:- We find that in the sworn statement, it was stated by the assessee that the total sale consideration was ₹ 2.58 crores against the sale consideration mentioned in the sale deed of ₹ 1.54 crores. AO has summoned the purchaser Shri D. Parthasarathy and recorded his statement, which reveals that the purchaser has paid only ₹ 1,54,21,000/- only as recorded in the sale deed and not the amount admitted by the assessee of ₹ 2.58 crores - we find that the assessee was not given an opportunity to cross examine the purchaser. Accordingly, we set aside the orders of authorities below and remit the matter back to the file of the AO to reconsider and decide the issue afresh in accordance with law by affording an opportunity to the assessee for cross examination of the purchaser before the Assessing Officer. Appeal filed by the assessee is allowed for statistical purposes.
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