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statement u/s 132(4) against third party, Income Tax

Issue Id: - 119044
Dated: 25-3-2024
By:- satbir singhwahi

statement u/s 132(4) against third party


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Raid was conducted at unit, the statement recorded u/s 132(4) by dept is used against third party. The third party is denying the statement. What case laws or material available on TMI to defend the case.

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1 Dated: 26-3-2024
By:- DR.MARIAPPAN GOVINDARAJAN

Please give the details of the case to me so as to render my opinion, if required along with decided case laws;


2 Dated: 2-4-2024
By:- satbir singhwahi

Thanks Sir. Raid was conducted at unit selling flats. The statement recorded u/s 132(4) by dept, is used against the third party who had purchased the flat by chq payment only. Now dept is alleging cash payment made by purchaser. The purchaser is denying cash payment. What case laws and study material available on TMI .


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