https://www.taxtmi.com/caselaws?id=351796 The High Court dismissed the Revenue's appeals, upholding the CIT(A)'s decision that statements made by a third party during a search could not lead to adverse consequences for the assessee without corroborative material. The Court emphasized that statements under Section 132(4) could not bind the assessee, especially when no incriminating material was found at the assessee's premises. The decision was based on precedent and concluded that no substantial question of law arose in this case. en-us Mon, 27 Nov 2017 00:00:00 +0530 Fri, 30 Mar 2018 18:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351796 The High Court dismissed the Revenue's appeals, upholding the CIT(A)'s decision that statements made by a third party during a search could not lead to adverse consequences for the assessee without corroborative material. The Court emphasized that statements under Section 132(4) could not bind the assessee, especially when no incriminating material was found at the assessee's premises. The decision was based on precedent and concluded that no substantial question of law arose in this case. Case-Laws Income Tax Mon, 27 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351796