Granting opportunity to cross examine essential as addition based on 3rd party statement: ITAT Bangalore

Smt. Rekha Ganesh Vs ACIT (ITAT Bangalore) ITAT Bangalore held that granting an opportunity to cross examine essential when addition is made on the basis of 3rd party statements. Non-granting any opportunity of cross examination violates the principle of natural which vitiates the validity of addition. Facts- Based on the search conducted in the case of the Nirav Modi Jewellery Store and excel sheet found thereof, AO treated Rs. 5.73 crore as unexplained income of the assessee u/s. 69A of the Income Tax Act and added to the total income of the assessee. CIT(A) upheld the findings of AO. Being ...