Assessee received certain amount on account of sale transaction. Assessing Officer made addition as cash credit relying on the statement of the third party. Opportunity of cross examination was not given to the asseessee. Tribunal Remanded the matter to the file of CIT (A) to give an opportunity of cross examination. On appeal High court affirmed the order of the Tribunal. (AY. 2012-13)
Ponmani Suresh v. Dy. CIT (2020) 275 Taxman 20 (Mad.)(HC)
S. 68 : Cash credits-Failure to give an opportunity of cross examination-Tribunal remanding the matter to CIT (A)-Order of Tribunal is affirmed. [S. 254 (1)]