https://www.taxtmi.com/caselaws?id=303143 HC dismissed the Revenue's appeal, upholding the ITAT's deletion of additions made solely on the assessee's statement recorded u/s 132(4) during a search, which was retracted after five months. The HC held that a retracted statement, recorded when premises were sealed and without corroborative material, cannot by itself constitute sufficient evidence for making additions. The Tribunal's finding that no independent, admissible material supported the additions was treated as a pure finding of fact. The HC concluded that no substantial question of law arose from the Revenue's challenge and therefore declined to interfere with the ITAT's order. en-us Wed, 06 Apr 2022 00:00:00 +0530 Fri, 12 Dec 2025 17:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303143 HC dismissed the Revenue's appeal, upholding the ITAT's deletion of additions made solely on the assessee's statement recorded u/s 132(4) during a search, which was retracted after five months. The HC held that a retracted statement, recorded when premises were sealed and without corroborative material, cannot by itself constitute sufficient evidence for making additions. The Tribunal's finding that no independent, admissible material supported the additions was treated as a pure finding of fact. The HC concluded that no substantial question of law arose from the Revenue's challenge and therefore declined to interfere with the ITAT's order. Case-Laws Income Tax Wed, 06 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303143