https://www.taxtmi.com/caselaws?id=763244 A statement recorded on oath during search under section 132(4) of the Income-tax Act is admissible and carries evidentiary weight in block assessment proceedings, though it is not conclusive. An assessee may rebut such an admission by showing coercion, undue influence, or by producing cogent material proving it incorrect. Where the assessees failed to allege coercion and did not produce evidence to displace the admission regarding total investment in construction, the addition based on the section 132(4) statements was restored and upheld in favour of the Revenue. en-us Mon, 09 Dec 2024 00:00:00 +0530 Fri, 19 Jun 2026 10:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=763244 A statement recorded on oath during search under section 132(4) of the Income-tax Act is admissible and carries evidentiary weight in block assessment proceedings, though it is not conclusive. An assessee may rebut such an admission by showing coercion, undue influence, or by producing cogent material proving it incorrect. Where the assessees failed to allege coercion and did not produce evidence to displace the admission regarding total investment in construction, the addition based on the section 132(4) statements was restored and upheld in favour of the Revenue. Case-Laws Income Tax Mon, 09 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=763244