https://www.taxtmi.com/caselaws?id=57798 A voluntary disclosure of undisclosed income based on seized material during search proceedings retains evidentiary value where the assessee does not prove coercion, mistake, or any reliable basis for retraction. Here, the seized printout and related papers indicated unaccounted cash receipts, and the assessee failed to correlate those receipts with a lower profit rate through client-wise or job-wise evidence. The later attempt to reduce the addition was therefore rejected, and the Commissioner (Appeals)'s enhancement to the amount disclosed by the assessee was upheld. en-us Wed, 31 May 2006 00:00:00 +0530 Fri, 15 Mar 2024 12:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57798 A voluntary disclosure of undisclosed income based on seized material during search proceedings retains evidentiary value where the assessee does not prove coercion, mistake, or any reliable basis for retraction. Here, the seized printout and related papers indicated unaccounted cash receipts, and the assessee failed to correlate those receipts with a lower profit rate through client-wise or job-wise evidence. The later attempt to reduce the addition was therefore rejected, and the Commissioner (Appeals)'s enhancement to the amount disclosed by the assessee was upheld. Case-Laws Income Tax Wed, 31 May 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57798