https://www.taxtmi.com/caselaws?id=789108 A voluntary statement recorded under section 132(4), when supported by seized material, can justify an addition in search assessment if it is not promptly retracted or rebutted by cogent evidence. Here, the assessee admitted advancing cash and identifying it as unaccounted income, while the seized paper corroborated the admission. A later explanation based on ledger entries and a recipient's confirmation limited to cheque transactions did not displace the cash admission. The evidentiary value of the statement, read with the seized document, was therefore sufficient to sustain the addition under section 69A. en-us Fri, 20 Feb 2026 00:00:00 +0530 Fri, 03 Apr 2026 08:49:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789108 A voluntary statement recorded under section 132(4), when supported by seized material, can justify an addition in search assessment if it is not promptly retracted or rebutted by cogent evidence. Here, the assessee admitted advancing cash and identifying it as unaccounted income, while the seized paper corroborated the admission. A later explanation based on ledger entries and a recipient's confirmation limited to cheque transactions did not displace the cash admission. The evidentiary value of the statement, read with the seized document, was therefore sufficient to sustain the addition under section 69A. Case-Laws Income Tax Fri, 20 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789108