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2017 (3) TMI 1709 - ALLAHABAD HIGH COURTStatement made during search and seizure - Non considering the surrendered undisclosed income for the purpose of tax on the basis of material on record - Held that:- Learned Counsel for appellant could not dispute that statement recorded during search and seizure could have been explained subsequently and also that after examining entire material on record actual concealment apparent from record was much less than what was disclosed by Assessee, and upheld by CIT(A) and Tribunal. Looking to legal position that Assessee was entitled to explain his statement made during search and seizure operation, we find no reason to disagree with the view recorded by CIT(A) and Tribunal and answer aforesaid question against Revenue and in favour of Assessee.
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