Addition Set Aside for Lack of Cross-Examination Opportunity

Preeti Milan Sankhala Vs ITO (ITAT Pune) Addition Based on Third-Party Statement Set Aside; Matter Restored for Cross-Examination and Legal Adjudication: ITAT Pune Summary: The Pune Bench (SMC) of the Income Tax Appellate Tribunal (ITAT) allowed the assessee’s appeal for AY 2017-18 for statistical purposes and set aside the NFAC order confirming an addition of ₹15 lakh towards alleged unexplained investment in purchase of a flat. The addition was made under section 69C, based solely on third-party information and statement recorded under section 131 during survey proceedings in the case of...