Electronic Evidence Requires Cross-Examination Before Addition: ITAT Delhi

Gyan Enterprises Private Limited Vs ACIT (ITAT Delhi)

‘On-Money’ Jewellery Purchase Addition Set Aside for Denial of Cross-Examination – ITAT Delhi Remands Case

The Delhi Bench of the ITAT set aside the reassessment order and remanded the matter to the Assessing Officer in a case involving alleged cash (“on-money”) payment of ₹70 lakh for purchase of diamond jewellery from the Nirav Modi/Firestar Group for AY 2012-13. The AO had made an addition under section 69B based solely on Please become a Premium member. If you are already a Premium member, login here to access the full content.