Addition on account of unexplained source of investment - seller ...

Income Tax Addition Overturned Due to Lack of Cross-Examination Opportunity for Assessee on Seller's Statement.

August 17, 2019

Case Laws Income Tax AT

Addition on account of unexplained source of investment - seller declared higher price of sales value - cross examination - when the statement of the seller is solely relied on by the AO, it is the duty of the AO to ask the assessee if he wanted to cross examine, to provide an opportunity to cross examine the seller - no such opportunity has been given by the AO - addition not sustainable

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Addition on account of unexplained source of investment - seller ...

Income Tax Addition Overturned Due to Lack of Cross-Examination Opportunity for Assessee on Seller's Statement.

August 17, 2019

Case Laws Income Tax AT

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