CIT v. DPA Finvest Services Ltd ( 2015) 376 ITR 399 ( Delhi) (HC) and CIT v. Vishal Aggarwal ( 2006) 283 ITR 326 ( Delhi) (HC) ,distinguished .<\/p>\n
In CIT v. Harjeev Aggarwal \u00a0( 2016) 241 Taxman 199 \/ 6 ITR -OL 504 ( Delhi) (HC) observed that oral statements recorded would constitute information only if such information was relatable to the material or evidence found during search and \u00a0only then could be used as evidence found during search and only then could be used as evidence\u00a0 as expressly mandated by virtue of the explanation to section 132(4) of the Act. A contrary view has been taken by the Kerala High Court in CIT v. Hotel Meriya ( 2011) 332 ITR 537 ( Ker) (HC) to the effect that oral evidence would be admissible for the purpose of block assessment also and that the Explanation to section 132(4) permits recording of statement on oath for all purposes connected with any proceedings under the Act. In view \u00a0of the \u00a0conflict and divergence , having recorded the prima facie reservation on the view expressed on \u201c books of account \u201c and on \u201c oral statement \u201c not being evidence found , the question of interpretation of the term \u201c undisclosed income\u201d for the purpose of block assessment was to be referred to a larger bench . [BP. 1-4-1989 to 15-1-2000 ]<\/p>\n","protected":false},"excerpt":{"rendered":"
S. 158BB : Block assessment \u2013 Undisclosed income \u2013 Gift-Statement during search proceedings- Retraction-Books of account-Oral statement -Evidentiary value -Found and evidence found- Divergence opinion among Courts-Referred to larger Bench (CIT v. DPA Harjeev ( 2016) 241 Taxman 199\/ 6 ITR -OL 504 ( Delhi) (HC), CIT v. Hotel Meriya ( 2011) 332 ITR 537 ( Ker) (HC) [ S. 68, 131,132(4), 158BA, Evidence Act, 1872 , S.3, 57, 114 ]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2313","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-Bj","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2313","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=2313"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2313\/revisions"}],"predecessor-version":[{"id":2604,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2313\/revisions\/2604"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=2313"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=2313"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=2313"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}