Addition based on statement set aside as opportunity to cross-examine deponent not granted

DCIT Vs Malbros International Pvt. Ltd. (ITAT Chandigarh) ITAT Chandigarh held that addition based on statement is liable to be quashed as the statement was recorded from the back of the assessee and the assessee was not given an opportunity to cross-examine the deponent. Accordingly, appeal of revenue dismissed. Facts- Revenue has preferred the present appeal mainly contesting that CIT (Appeals) has erred in deleting the addition of Rs.6,67,08,792/- and Rs.2,93,25,267/- which were added on the ground that assessee has made bogus purchases from two concerns, namely M/s S.A.Agro International ...