Mumbai ITAT Deletes On-Money Addition Without Cross-Examination

Shivaji Tukaram Pawale Vs ITO (ITAT Mumbai) Mumbai ITAT: On-Money Addition Based Solely on Builder’s Statement Deleted for Denial of Cross-Examination The Mumbai ITAT deleted the addition of ₹25 lakh made under section 69 towards alleged on-money payment for purchase of a flat, holding that the addition was based solely on the statement of the builder’s partners recorded under section 131 without furnishing a copy of the statement to the assessee or granting an opportunity to cross-examine the deponents. The Tribunal observed that the assessee had consistently denied making any c...