https://www.taxtmi.com/caselaws?id=208256 A search statement under section 132(4) is evidentiary but not conclusive, and a retraction is effective only if the assessee promptly proves coercion, duress, intimidation, or a bona fide mistake with contemporaneous material. The text explains that a belated complaint or unsupported allegation will not displace a signed surrender made after the statement was understood and countersigned, especially where the search yielded incriminating assets and documents. It also notes that appellate authorities must deal with the Assessing Officer's reasons for rejecting the retraction and not proceed on unrelated grounds. en-us Mon, 10 Aug 2009 00:00:00 +0530 Thu, 29 Jan 2026 11:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=208256 A search statement under section 132(4) is evidentiary but not conclusive, and a retraction is effective only if the assessee promptly proves coercion, duress, intimidation, or a bona fide mistake with contemporaneous material. The text explains that a belated complaint or unsupported allegation will not displace a signed surrender made after the statement was understood and countersigned, especially where the search yielded incriminating assets and documents. It also notes that appellate authorities must deal with the Assessing Officer's reasons for rejecting the retraction and not proceed on unrelated grounds. Case-Laws Income Tax Mon, 10 Aug 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=208256