https://www.taxtmi.com/caselaws?id=76431 The court held that the retracted statements given by the assessee during a search, which were claimed to be obtained under duress, could not be used as evidence for reopening assessments. The court emphasized the importance of valid reasons for reopening assessments and found the reasons based on the retracted statements insufficient. Assessments regarding undisclosed income and unexplained credits were deleted as the retracted statements could not be relied upon. The court dismissed the Revenue's appeals and upheld the Tribunal's decision in favor of the assessee. en-us Wed, 09 Apr 2008 00:00:00 +0530 Fri, 20 Jan 2012 15:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=76431 The court held that the retracted statements given by the assessee during a search, which were claimed to be obtained under duress, could not be used as evidence for reopening assessments. The court emphasized the importance of valid reasons for reopening assessments and found the reasons based on the retracted statements insufficient. Assessments regarding undisclosed income and unexplained credits were deleted as the retracted statements could not be relied upon. The court dismissed the Revenue's appeals and upheld the Tribunal's decision in favor of the assessee. Case-Laws Income Tax Wed, 09 Apr 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=76431