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Income Tax - Highlights / Catch Notes

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Validity of retraction of the statement made in survey ...


Revenue Authorities Must Validate Retraction of Statements in Survey u/s 133A of Income Tax Act.

June 14, 2019

Case Laws     Income Tax     AT

Validity of retraction of the statement made in survey proceedings u/s 133A - It is always open for the revenue authorities to examine the correction of the retraction statement and should point out the errors in such retraction statement - outrightly rejecting the assessee’s retraction statement without pointing out any mistake in such retraction statement is devoid of merit and is uncalled for

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