Assessment Quashed as Department Failed to Share Incriminating Search Material

Jeewan Kukreja Vs DCIT (ITAT Raipur) Summary : The Tribunal quashed the assessment order against the assessee on the ground of violation of principles of natural justice. The case arose from a search conducted on the J.M. Jain Group, where authorities discovered a parallel accounting system called the “JSK Server” allegedly used for recording unaccounted cash transactions through under-invoicing. Based on information obtained from the server and related investigation material, the Assessing Officer added Rs.89.97 lakh as unexplained accommodation entries and Rs.69.01 lakh as unaccounted sa...