Allowing the appeal of the assessee the Tribunal held that; reliance by the AO on statements of third parties without giving the assessee an opportunity of cross-examination is a gross failure of the principles of natural justice and renders the assessment order a nullity. (ITA No. 4565/DEL/2018, dt. 26.11.2018) ( AY. 2014-15)
Anubhav Jain v. ITO ( Delhi)(Trib), www.itatonline.org Ashis Hain v. ITO ( Delhi)(Trib),www.itatonline.org
S. 45 : Capital gains-Long term capital gains on shares -Natural justice- Reliance by the AO on statements of third parties without giving the assessee an opportunity of cross-examination is a gross failure of the principles of natural justice and renders the assessment order a nullity. [S. 10 (38), 131, 143(3)]