Dismissing the appeal of the Revenue the Court held that merely on the basis retracted statement addition was not justified. Order of Tribunal affirmed.
PCIT v. Sanjay Chhabra (2023)453 ITR 516 (Raj)(HC)
S. 132(4) : Search and seizure – Statement on oath-Undisclosed investment-Retraction of statement-Opportunity of cross-examination was not given – Merely on the basis of statement addition is not justified. [S. 69, 132, 260A]