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Income Tax - Highlights / Catch Notes

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Bogus LTCG - Violation of principles of natural justice - before ...


Court Deletes Additions for Bogus LTCG Due to Violations of Natural Justice; Assessee Denied Cross-Examination Opportunity.

October 19, 2021

Case Laws     Income Tax     AT

Bogus LTCG - Violation of principles of natural justice - before making addition in the hands of assessee proper opportunity of cross examining and opportunity to reply to such material gathered behind the assessee is mandatory before taking any adverse view or making any addition in the hands of assessee - additions for the alleged bogus LTCG and unexplained expenditure are unjustified and liable to be deleted. - AT

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