Undisclosed income - retraction of the statement - the assessee ...

Assessee's Retraction of Statement u/s 132(4) Deemed Unacceptable Due to Consistency in Section 131 Proceedings.

January 4, 2018

Case Laws Income Tax AT

Undisclosed income - retraction of the statement - the assessee has been consistent in his statements so recorded even during the post search proceedings when his statement was recorded under section 131. Hence, in light of above discussions, the retraction of the statement recorded u/s 132(4) cannot be accepted in the instant case. - AT

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Undisclosed income - retraction of the statement - the assessee ...

Assessee's Retraction of Statement u/s 132(4) Deemed Unacceptable Due to Consistency in Section 131 Proceedings.

January 4, 2018

Case Laws Income Tax AT

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