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No Cross-Examination & Retracted Statement Can’t Sustain Cash Loan Allegation: Mumbai ITAT Deletes Section 69 Addition
Case Law Details
- Case Name
- Navin Shamji Vira Vs DCIT (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2014-15
- Courts
- All ITAT, ITAT Mumbai
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Navin Shamji Vira Vs DCIT (ITAT Mumbai)
No Cross-Examination + Retracted Statement = Section 69 Addition Collapses- Mumbai ITAT Deletes Alleged Cash Loan Additions -Denial of cross-examination fatally vitiates the addition.
The assessee’s assessments for AYs 2014-15 and 2017-18 were reopened based on search proceedings conducted in the case of M/s. Evergreen Enterprises and its partner Nilesh Bharani. During the search, statements were recorded from Mr. Bharani and certain employees allegedly admitting receipt of cash loans from various persons, including the assessee. Based...
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