https://www.taxtmi.com/caselaws?id=118656 Voluntary admissions made during search and later under section 131(1A), when linked to seized papers, diary entries and receipts, retained evidentiary value despite a belated retraction. The Tribunal treated the later denial as ineffective because it was delayed, unsupported by contemporaneous complaint or independent evidence, and did not establish coercion or mistake. It also held that the seized material adequately supported additions for on-money, cash payments and unexplained expenditure, while objections based on valuation, alleged bias and overreach of block assessment failed. The block assessment additions were therefore sustained in full and the appeals were dismissed. en-us Mon, 07 Nov 2005 00:00:00 +0530 Mon, 15 Apr 2024 11:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118656 Voluntary admissions made during search and later under section 131(1A), when linked to seized papers, diary entries and receipts, retained evidentiary value despite a belated retraction. The Tribunal treated the later denial as ineffective because it was delayed, unsupported by contemporaneous complaint or independent evidence, and did not establish coercion or mistake. It also held that the seized material adequately supported additions for on-money, cash payments and unexplained expenditure, while objections based on valuation, alleged bias and overreach of block assessment failed. The block assessment additions were therefore sustained in full and the appeals were dismissed. Case-Laws Income Tax Mon, 07 Nov 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118656