Case Law Analysis
|Income Tax Appellate Tribunal
Section 153C IT Act | Third-Party Statements Without Corroboration or Cross-Examination Violate Natural Justice : ITAT Mumbai
ITAT Mumbai rules that additions under Section 153C of the Income Tax Act cannot be sustained solely on third-party statements or seized electronic data unless corroborated and the assessee is given an opportunity for cross-examination. The judgment reinforces principles of natural justice in tax assessments, impacting taxpayers facing similar proceedings.