Shri. Ganesh Trading Company v. CIT

214 Taxmann 262High Court2012#1524 most cited

What is Shri. Ganesh Trading Company v. CIT authority for?

A statement made under Section 132(4) of the Income-tax Act is a piece of evidence but is not conclusive, especially if it is self-incriminating. Therefore, no liability can be fastened solely on the basis of such a sworn statement.

75

judgments rely on this decision, according to BharatTax’s citation analysis of 292,668 Indian tax judgments — from 2021 to 2026.

Also referred to as

Shri Ganesh Trading Company v CIT · Section 132(4) statement · evidentiary value · self-incriminating statement · not conclusive · sworn statement · search and seizure assessment · liability solely on statement · retracted statement · Section 153A

Issues it is cited on

Judgments citing Shri. Ganesh Trading Company v. CIT

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