Third-Party Statement Without Cross-Examination Invalid: ITAT Deletes ₹57.5L Addition

Page ContentsMustafamiya H. Sheikh Vs ACIT (ITAT Ahmedabad)Background and Issues for AdjudicationIssue 1: Validity of Notice under Section 148Issue 2: Addition of ₹57.5 Lakh Based on Third-Party EvidenceKey Judicial Precedents ConsideredTribunal’s Analysis and ObservationsConclusionResult Mustafamiya H. Sheikh Vs ACIT (ITAT Ahmedabad) ITAT Ahmedabad Partially Allows Assessee’s Appeal in Case Involving ₹57.5 Lakh Addition In the case of Mustafamiya H. Sheikh vs. ACIT, the Income Tax Appellate Tribunal (ITAT), Ahmedabad bench, ruled in part favour of the assessee by deleting an addition ...