TaxTMI 
TaxTMI 
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.
statement u/s 132(4) against third party
25 Mar 2024 
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Admissibility of raid statements may determine whether a purchaser's cheque payment claim rebuts an alleged cash transaction.
A raid produced a recorded statement relied on by the department to allege a purchaser paid cash for a flat; the purchaser denies cash payment, asserting cheque payment. The issue is whether and how a raid recorded statement may be used against a third party purchaser and what case law and materials address the evidentiary weight of such statements versus documentary payment proof. (AI Summary)
A raid produced a recorded statement relied on by the department to allege a purchaser paid cash for a flat; the purchaser denies cash payment, asserting cheque payment. The issue is whether and how a raid recorded statement may be used against a third party purchaser and what case law and materials address the evidentiary weight of such statements versus documentary payment proof. (AI Summary)