https://www.taxtmi.com/caselaws?id=469859 A retracted disclosure recorded under section 132(4) cannot, by itself, sustain an income-tax addition unless supported by independent corroborative evidence. The Tribunal and first appellate authority found that the statement was retracted shortly after it was made, no independent material was brought by the department, and the surrounding facts and account entries had been explained. On those facts, the addition was not disturbed and no substantial question of law arose for interference; the appeal therefore failed and the addition remained deleted. en-us Mon, 04 Sep 2006 00:00:00 +0530 Tue, 07 Jul 2026 15:53:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469859 A retracted disclosure recorded under section 132(4) cannot, by itself, sustain an income-tax addition unless supported by independent corroborative evidence. The Tribunal and first appellate authority found that the statement was retracted shortly after it was made, no independent material was brought by the department, and the surrounding facts and account entries had been explained. On those facts, the addition was not disturbed and no substantial question of law arose for interference; the appeal therefore failed and the addition remained deleted. Case-Laws Income Tax Mon, 04 Sep 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469859