Survey, Search & Seizure Income Tax Act, 1961
Survey, Search & Seizure Income Tax Act, 1961
Survey, Search & Seizure Income Tax Act, 1961
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<strong>Income</strong> <strong>Tax</strong> Department - Rights<br />
Hon’ble Gujarat High Court in Kailashben Manharlal Choshi<br />
v. CIT [2008] 14 DTR 257 has held that statement recorded<br />
at odd hours cannot be considered to be a voluntary<br />
statement, if it is subsquently retracted and necessary<br />
evidence is led contrary to such admission.<br />
Letter written by partner of assessee firm to department<br />
admitting undisclosed income higher than that disclosed in<br />
statement under S. 132(4) with certain conditions and further<br />
stating that a revised return shall be filed accordingly is not a<br />
statement under S. 132(4) nor a revised return and cannot<br />
be used as a basis for making assessment.<br />
Case : CCIT & ANR. Vs. Pampapathi [2008] 218 CTR (Kar.)<br />
590.<br />
44
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