https://www.taxtmi.com/caselaws?id=256636 The court upheld the reliance on admissions made during a survey under Section 133A of the Income Tax Act, 1961, by an appellant-assessee, who later retracted the admissions without valid reasons or evidence of coercion. The court emphasized that voluntary admissions, if not retracted in a reasonable time, can be used against the assessee. As the retracted admissions lacked supporting evidence of coercion, the court dismissed the appeal, affirming the addition of the admitted amount to the assessee's income. en-us Tue, 20 Jan 2015 00:00:00 +0530 Tue, 17 Feb 2015 22:55:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256636 The court upheld the reliance on admissions made during a survey under Section 133A of the Income Tax Act, 1961, by an appellant-assessee, who later retracted the admissions without valid reasons or evidence of coercion. The court emphasized that voluntary admissions, if not retracted in a reasonable time, can be used against the assessee. As the retracted admissions lacked supporting evidence of coercion, the court dismissed the appeal, affirming the addition of the admitted amount to the assessee's income. Case-Laws Income Tax Tue, 20 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256636