https://www.taxtmi.com/caselaws?id=78500 Income from undisclosed sources during a survey and the admissibility of a retracted statement: the retraction, made after delay, cannot be relied on where the assessee failed to produce books of account or authentic contemporaneous evidence of agricultural income; diary entries were held insufficient to prove the earlier statement false, so the earlier admission recorded during the survey retained evidentiary value and could be acted upon. Consequently the Tribunals conclusion that the retraction was not established was a permissible view and the appeal against that conclusion was dismissed. en-us Wed, 21 Jul 2010 00:00:00 +0530 Fri, 30 Jan 2026 11:15:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=78500 Income from undisclosed sources during a survey and the admissibility of a retracted statement: the retraction, made after delay, cannot be relied on where the assessee failed to produce books of account or authentic contemporaneous evidence of agricultural income; diary entries were held insufficient to prove the earlier statement false, so the earlier admission recorded during the survey retained evidentiary value and could be acted upon. Consequently the Tribunals conclusion that the retraction was not established was a permissible view and the appeal against that conclusion was dismissed. Case-Laws Income Tax Wed, 21 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=78500