https://www.taxtmi.com/news?id=446 Admissions made during a survey are important but not conclusive; the person must be given an opportunity to show the books correctly disclose facts. Survey powers do not permit administration of oath, so statements recorded under survey lack the sworn evidentiary character that statute accords to examined statements. The term "may" in the provision for recording statements indicates materials and statements collected during survey are useful but not conclusive evidence, and reliance on books or entries created or produced only after the survey requires scrutiny given this limited evidentiary status. en-us Tue, 27 May 2008 23:48:00 +0530 Mon, 23 Jun 2008 11:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=446 Admissions made during a survey are important but not conclusive; the person must be given an opportunity to show the books correctly disclose facts. Survey powers do not permit administration of oath, so statements recorded under survey lack the sworn evidentiary character that statute accords to examined statements. The term "may" in the provision for recording statements indicates materials and statements collected during survey are useful but not conclusive evidence, and reliance on books or entries created or produced only after the survey requires scrutiny given this limited evidentiary status. News - Tue, 27 May 2008 23:48:00 +0530 https://www.taxtmi.com/news?id=446