https://www.taxtmi.com/caselaws?id=421655 The High Court analyzed issues regarding reliance on statements under Section 132(4) of the Income Tax Act, the need for corroborative evidence for additions based on such statements, and the treatment of retracted statements. Emphasizing the importance of proper evidentiary value, the Court ruled in favor of the revenue, dismissing the appeal without costs. en-us Thu, 30 Sep 2021 00:00:00 +0530 Thu, 28 Apr 2022 22:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421655 The High Court analyzed issues regarding reliance on statements under Section 132(4) of the Income Tax Act, the need for corroborative evidence for additions based on such statements, and the treatment of retracted statements. Emphasizing the importance of proper evidentiary value, the Court ruled in favor of the revenue, dismissing the appeal without costs. Case-Laws Income Tax Thu, 30 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421655