Third-Party Loose Papers Cannot Justify Addition Without Cross-Examination: ITAT Delhi

Jagdeep Singh Gill Vs DCIT/ACIT (ITAT Delhi) Addition Deleted Because Revenue Failed to Verify Alleged Cash Payment From Seller or Co-Buyers; ITAT Holds Search-Related Assessments After 2021 Must Be Made Under Section 148; Assessment Set Aside Because Mandatory Approval Under Section 148B Was Not Obtained; ITAT Rejects Addition Based on Unsigned Loose Paper Found During Search. In a combined order, the Income Tax Appellate Tribunal (ITAT), Delhi Bench, allowed both appeals filed by the assessee for Assessment Years 2019-20 and 2021-22. The Tribunal examined issues relating to addition based on...