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2008 (9) TMI 525 - GUJARAT HIGH COURT
Search and Seizure - Whether on the facts and circumstances of the case, the Tribunal was right in law in confirming the addition of ₹ 7 lakhs as disclosed in the statement under section 132(4) of the Act but retracted thereafter? Held that - Assessee retracting and giving proper explanation for investment. Statement made at odd hours cannot be considered as voluntary statement. Addition not justified.
