ITAT Deletes Section 69B Addition as Third-Party Loose Sheet Lacked Cross-Examination

Sudha Aswal Vs DCIT/ACIT (ITAT Dehradun) Core Issue: Whether an addition under Section 69B can be sustained solely on the basis of a loose sheet seized from a third party, when the assessee was not given an opportunity to cross-examine the person from whose possession the document was seized, thereby violating the principles of natural justice. Facts:- A search under Section 132 was conducted in the case of Krishna Sharma and Sheetal Sharma. During the search, loose sheets were seized allegedly showing that the assessee Sudha Aswal paid ₹16,89,000 in cash over and above the sale consideratio...