https://www.taxtmi.com/caselaws?id=220636 HC upheld ITAT's reversal of CIT(A) and sustained an income addition of Rs.1.75 crore based on voluntary statements recorded u/s 132(4) and a subsequent letter. The court held the admission was admissible and, absent any evidence from the assessee showing the admission was mistaken or retracted under permissible circumstances, the onus to disprove it lay on the assessee. Since seized documents (or their copies) were available and no proof was produced to contradict the admission, the Tribunal's appreciation of evidence against the assessee was affirmed. en-us Tue, 22 Jan 2013 00:00:00 +0530 Mon, 08 Sep 2025 10:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220636 HC upheld ITAT's reversal of CIT(A) and sustained an income addition of Rs.1.75 crore based on voluntary statements recorded u/s 132(4) and a subsequent letter. The court held the admission was admissible and, absent any evidence from the assessee showing the admission was mistaken or retracted under permissible circumstances, the onus to disprove it lay on the assessee. Since seized documents (or their copies) were available and no proof was produced to contradict the admission, the Tribunal's appreciation of evidence against the assessee was affirmed. Case-Laws Income Tax Tue, 22 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220636