https://www.taxtmi.com/caselaws?id=466300 Admissibility of sworn statements recorded during search was upheld where there was no evidence of forced surrender or retraction, and the assessee continued to abide by the statement; consequence: addition for undeclared profit on receipt of on-money was sustained. The appellate officer applied a higher gross profit rate than returned by the assessee, finding incomplete declaration of on-money; consequence: assessee held at fault for not fully declaring income. factual disputes over booking of sale consideration and project expenses remained unresolved; consequence: matter remanded to the assessing officer for determination of transactions and expenses for the specified project. en-us Fri, 18 Jan 2019 00:00:00 +0530 Sun, 01 Feb 2026 19:07:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466300 Admissibility of sworn statements recorded during search was upheld where there was no evidence of forced surrender or retraction, and the assessee continued to abide by the statement; consequence: addition for undeclared profit on receipt of on-money was sustained. The appellate officer applied a higher gross profit rate than returned by the assessee, finding incomplete declaration of on-money; consequence: assessee held at fault for not fully declaring income. factual disputes over booking of sale consideration and project expenses remained unresolved; consequence: matter remanded to the assessing officer for determination of transactions and expenses for the specified project. Case-Laws Income Tax Fri, 18 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466300