ITAT Deletes Addition as Sale Value & Stamp Duty Alone Cannot Prove Cash Payment

Mayuri Hitendra Shah Vs ACIT (ITAT Mumbai) ITAT Remands On-Money Addition Case Because Cross-Examination Was Denied; Addition Under Section 69 Set Aside Because AO Relied Only on Third-Party Statements; ITAT Orders Fresh Assessment Because Builder’s Statements Were Not Tested Through Cross-Examination; Natural Justice Violated as Cross-Examination Opportunity Was Refused; ITAT Restores Property Transaction Dispute Because Evidence Lacked Independent Verification. The Income Tax Appellate Tribunal (ITAT) Mumbai allowed the assessee’s appeal for statistical purposes and remanded the matt...