https://www.taxtmi.com/caselaws?id=768561 ITAT Jaipur held that statements recorded under section 131 during survey proceedings under section 133A lack evidentiary value and cannot automatically bind the assessee, following CIT vs. S. Khader Khan Son. The presumption under section 292C applies only to documents seized from the searched person's premises, not from third parties during survey operations. Since calculation sheets were found at a third party's premises during survey (not search), section 292C presumption did not apply to appellant. Without additional substantiation by AO, the addition was deleted as revenue failed to prove the documents' relevance to assessee. en-us Mon, 24 Mar 2025 00:00:00 +0530 Tue, 08 Apr 2025 18:10:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768561 ITAT Jaipur held that statements recorded under section 131 during survey proceedings under section 133A lack evidentiary value and cannot automatically bind the assessee, following CIT vs. S. Khader Khan Son. The presumption under section 292C applies only to documents seized from the searched person's premises, not from third parties during survey operations. Since calculation sheets were found at a third party's premises during survey (not search), section 292C presumption did not apply to appellant. Without additional substantiation by AO, the addition was deleted as revenue failed to prove the documents' relevance to assessee. Case-Laws Income Tax Mon, 24 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768561