https://www.taxtmi.com/caselaws?id=65216 The Tribunal concluded that the preliminary statement recorded before the search was unauthorized and not legally binding. The second statement during the search was deemed the only valid statement, and the assessee had the right to retract it if given under duress. The second statement was upheld as valid and reliable, supported by family members and evidence. Consequently, the Tribunal allowed the assessee's appeal, deleting the additional amount imposed by the CIT(A) and accepting the explanation for the cash found during the search. en-us Mon, 28 Sep 1998 00:00:00 +0530 Mon, 14 Feb 2011 12:25:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65216 The Tribunal concluded that the preliminary statement recorded before the search was unauthorized and not legally binding. The second statement during the search was deemed the only valid statement, and the assessee had the right to retract it if given under duress. The second statement was upheld as valid and reliable, supported by family members and evidence. Consequently, the Tribunal allowed the assessee's appeal, deleting the additional amount imposed by the CIT(A) and accepting the explanation for the cash found during the search. Case-Laws Income Tax Mon, 28 Sep 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65216