https://www.taxtmi.com/caselaws?id=209690 The Court upheld the decisions of the Commissioner of Income Tax (Appeal) and the Income Tax Appellate Tribunal, dismissing the appeal. The Assessee's retracted statement under Section 132(4) of the Income Tax Act, disclosing undisclosed income, was not supported by sufficient evidence and contained discrepancies noted by the Assessing Officer. The Court emphasized the lack of corroboration for the Assessee's claims and the need for additional evidence to substantiate the undisclosed income, leading to the rejection of the appeal. en-us Thu, 28 Apr 2011 00:00:00 +0530 Wed, 25 Mar 2026 11:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=209690 The Court upheld the decisions of the Commissioner of Income Tax (Appeal) and the Income Tax Appellate Tribunal, dismissing the appeal. The Assessee's retracted statement under Section 132(4) of the Income Tax Act, disclosing undisclosed income, was not supported by sufficient evidence and contained discrepancies noted by the Assessing Officer. The Court emphasized the lack of corroboration for the Assessee's claims and the need for additional evidence to substantiate the undisclosed income, leading to the rejection of the appeal. Case-Laws Income Tax Thu, 28 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=209690