Summary
- The ITAT Visakhapatnam has upheld the deletion of ₹9.23 crore added under Section 68 for Vikas Kumar Chhajer's assessment, citing violations of natural justice.
- The addition was based on unverified Excel sheets from a third-party server, with the Tribunal finding no independent evidence linking the transactions to Chhajer.
- The Tribunal emphasized that denial of cross-examination rights rendered the Revenue's case untenable, referencing key precedents on natural justice.
- This ruling reinforces the necessity for proper procedural safeguards in tax assessments involving third-party evidence.
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