https://www.taxtmi.com/caselaws?id=211872 A voluntary statement recorded on oath during search under section 132(4) is substantive evidence in income-tax proceedings, and a later bare retraction does not erase its evidentiary value unless coercion, error or falsity is proved. Where sworn admissions are corroborated by seized title deeds, additions relating to property transactions and personal expenses can be sustained on the basis of the assessee's own disclosure and surrounding circumstances. A separate addition for unexplained income may also stand when the assessee has admitted the receipt in a cash flow statement but fails to substantiate its source or nature with credible material. en-us Fri, 23 Dec 2011 00:00:00 +0530 Sat, 13 Sep 2025 11:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211872 A voluntary statement recorded on oath during search under section 132(4) is substantive evidence in income-tax proceedings, and a later bare retraction does not erase its evidentiary value unless coercion, error or falsity is proved. Where sworn admissions are corroborated by seized title deeds, additions relating to property transactions and personal expenses can be sustained on the basis of the assessee's own disclosure and surrounding circumstances. A separate addition for unexplained income may also stand when the assessee has admitted the receipt in a cash flow statement but fails to substantiate its source or nature with credible material. Case-Laws Income Tax Fri, 23 Dec 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211872