Electronic Evidence Requires Cross-Examination Before Addition: ITAT Delhi

Gyan Enterprises Private Limited Vs ACIT (ITAT Delhi) ‘On-Money’ Jewellery Purchase Addition Set Aside for Denial of Cross-Examination – ITAT Delhi Remands Case The Delhi Bench of the ITAT set aside the reassessment order and remanded the matter to the Assessing Officer in a case involving alleged cash (“on-money”) payment of ₹70 lakh for purchase of diamond jewellery from the Nirav Modi/Firestar Group for AY 2012-13. The AO had made an addition under section 69B based solely on statements of third parties and electronic data seized from the Nirav Modi Group, alleging that the asse...