https://www.taxtmi.com/caselaws?id=56159 ITAT Ahmedabad-C upheld the addition to the assessee's income based on the voluntary disclosure made under s.132(4) during search proceedings. The Tribunal reiterated that an admission is the best evidence and is binding unless successfully withdrawn or shown to be erroneous. Finding no material indicating that the disclosure was obtained under duress, pressure or coercion, the ITAT held that the subsequent retraction, made after more than two months and supported only by a self-serving affidavit, was an afterthought. The assessee's failure to prove torture or coercion rendered the retraction unreliable, and the addition in line with the original disclosure was sustained. en-us Mon, 23 Sep 1996 00:00:00 +0530 Sun, 14 Dec 2025 22:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56159 ITAT Ahmedabad-C upheld the addition to the assessee's income based on the voluntary disclosure made under s.132(4) during search proceedings. The Tribunal reiterated that an admission is the best evidence and is binding unless successfully withdrawn or shown to be erroneous. Finding no material indicating that the disclosure was obtained under duress, pressure or coercion, the ITAT held that the subsequent retraction, made after more than two months and supported only by a self-serving affidavit, was an afterthought. The assessee's failure to prove torture or coercion rendered the retraction unreliable, and the addition in line with the original disclosure was sustained. Case-Laws Income Tax Mon, 23 Sep 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56159