https://www.taxtmi.com/caselaws?id=56230 A sworn admission made during search under section 132(4) that receipts were suppressed and expenses inflated remained reliable where seized blank vouchers and other documents corroborated the statement. A later affidavit retracting only the estimated quantum was treated as self-serving and insufficient because it did not displace the earlier admission with cogent evidence. On that basis, ad hoc restriction of the addition was found unsustainable, and the Assessing Officer's estimate of undisclosed income was restored in full in favour of the Revenue. en-us Thu, 01 Jul 1999 00:00:00 +0530 Thu, 02 Dec 2010 14:54:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56230 A sworn admission made during search under section 132(4) that receipts were suppressed and expenses inflated remained reliable where seized blank vouchers and other documents corroborated the statement. A later affidavit retracting only the estimated quantum was treated as self-serving and insufficient because it did not displace the earlier admission with cogent evidence. On that basis, ad hoc restriction of the addition was found unsustainable, and the Assessing Officer's estimate of undisclosed income was restored in full in favour of the Revenue. Case-Laws Income Tax Thu, 01 Jul 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56230