Addition based on seized document retrieved from third person without cross examination opportunity is unsustainable

RSWM Ltd. Vs DCIT (ITAT Delhi)

ITAT Delhi held that addition u/s. 69 of the Income Tax Act based on working/ seized document retrieved from third person without granting cross examination opportunity to the assessee is unsustainable in law.

Facts-

The Assessee is a listed Company in which public is substantially interested engaged in the business of manufacturing of yarn. The original return u/s 139(1) of the Act was filed on 26/11/2014

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