https://www.taxtmi.com/caselaws?id=252740 A statement under section 132(4) of the Income-tax Act is valid only when recorded during the course of search or seizure; a post-search statement does not satisfy that condition and cannot be treated as a section 132(4) statement. Where no incriminating material is found, the power to record such a statement is not attracted. A retracted section 132(4) statement also lacks conclusive evidentiary value and cannot, by itself, sustain a block assessment under section 158BC; the Revenue must support the case with independent material. The analysis also relies on the principle against self-incrimination and treats admissions as non-conclusive proof. en-us Tue, 09 Sep 2014 00:00:00 +0530 Fri, 02 Jan 2026 10:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252740 A statement under section 132(4) of the Income-tax Act is valid only when recorded during the course of search or seizure; a post-search statement does not satisfy that condition and cannot be treated as a section 132(4) statement. Where no incriminating material is found, the power to record such a statement is not attracted. A retracted section 132(4) statement also lacks conclusive evidentiary value and cannot, by itself, sustain a block assessment under section 158BC; the Revenue must support the case with independent material. The analysis also relies on the principle against self-incrimination and treats admissions as non-conclusive proof. Case-Laws Income Tax Tue, 09 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252740