Case Law Details
Smt. Manorama Singhal Vs ITO (ITAT Indore)
The Income Tax Appellate Tribunal (ITAT), Indore bench has held that the denial of opportunity to the assessee to conduct cross-examination of the parties who have stated to have received ‘on money from the sale of land would amount to a violation of natural justice principles.
The Tribunal bench comprising Judicial Member C M Garg and Accountant Member Manish Board, while quashing an order passed by the department, directed to delete the addition.
The assessee, an individual, challenged the addition made by the Assessing Officer alleging that the same was passed solely based on the seized material found from the Garha Group & Apollo Group. It was also alleged that the Assessee has sought an opportunity for cross-examination of the searched person, during the proceedings before the Ld. CIT(A) and the same was ignored.
While considering the second appeal filed by the assessee, the Tribunal noted that the registered documents for the purchase of a plot of land show that the consideration is not less than the guidelines rate and both buyer and seller have agreed to this consideration.
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