Allowing the petition the Court held that if statement of third parties cannot be used against the assessee without giving an opportunity of cross examination is given. Assessment order is set aside and matter remanded for reconsideration. (AY. 2018-19)
Naresh Sangeetha v. ITO (2024)471 ITR 515 (Mad) (HC)
S. 143(3): Assessment-Capital gains-Penny stock-Shyam transactions-Statement of third parties used against the assessee-No opportunity of cross examination is given-Assessment order is set aside and matter remanded for reconsideration.[S. 10(38) 45, 112A, Art. 226]
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