Tribunal held that the merely on the basis of statement without making an independent inquiry and opportunity of cross examination, addition is held to be not justified. Kishinchand Chhellarm v. CIT (1980) 125 ITR 713 (SC), Andaman Timber Industries v. CCE (2016) 38 GSTR 117 (SC), CIT v. Sunita (Smt) Dhadda (2018) 406 ITR 220 (Raj)(HC), (AY. 2011-12, 2015-16, 2016-17)
ACIT v. Ariba Foods Pvt. Ltd. (2021) 86 ITR 174 (Indore)(Trib.) ACIT v. Vyanktesh Plastics and Packaging Pvt. Ltd. (2021) 86 ITR 174 (Indore)(Trib.)
S. 68 : Cash credits-Unsecured loans-Failure to follow principle of natural jus Failure to provide an opportunity of cross examination-Addition is held to be not justified.