No Tax Addition Without Cross-Examination: ITAT Remands ₹2.24 Cr Demand on Charitable Trust

Bankim Education Trust Vs ITO (ITAT Ahmedabad) ITAT Ahmedabad remands case of Charitable trust – Addition based on Third-party Search Without Sharing Evidence is Not Valid Assessee is a charitable education trust. Assessment for A.Y. 2010-11 was reopened u/s 147 based on search in Sigma Group, where an employee allegedly stated that ₹2.24 crore was paid to Assessee for change of management. The trust denied any such transaction & requested copies of the statement & documents, but AO never provided them. Despite this, AO made a huge addition of ₹2,24,97,980 & CIT(A) dismissed...