Addition u/s 69C on basis of statement of third party without providing opportunity of cross-examination to assessee was invalid

Bhatia Diamonds Pvt. Ltd. Vs ITO (ITAT Delhi)

Conclusion: Addition under section 69C on the basis of statement of third party without granting opportunity of cross-examination to assessee was not valid as it amounted to ivolation of principle of natural justice and against the law.

Held: During the course of search and seizure action, statement of Sh. R Jain and Sh. S Jain were recorded on oath wherein they admitted that the concerned controlled and managed by them were not doing any real trading in diamonds but

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