Assessment based on Third-Party Evidence cannot be Confirmed If Evidence not Provided to Searched Person: ITAT [Read Order]

The Revenue sought to rely on evidence recovered from a search and seizure operation conducted on the Malabar Group of concerns
ITAT - ITAT Cochin - ITAT decision on third party evidence - TAXSCAN

The Cochin Bench of the Income Tax Appellate Tribunal (ITAT) recently granted relief to an Assessee, holding that an assessment based on third-party evidence cannot be sustained if such evidence is not made available to the assessee against whom proceedings are being undertaken on the basis of the third-party evidence. The decision came in an…

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