Importance of Statement u/s 132(4) of the IT Act 1961

Last updated: 22 May 2021

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This document delves into the critical importance of statements recorded under Section 132(4) of the Income Tax Act, 1961, particularly concerning search and seizure operations. It clarifies the legal standing of such statements, outlining when they can be used as evidence and the conditions under which they can be retracted. The document is particularly useful for tax professionals, legal practitioners, and individuals facing income tax searches or assessments, providing a thorough understanding of their rights and the implications of statements made during such proceedings.

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Importance of Statement u/s 132(4) of the IT Act 1961, Retraction thereof #pdf

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Submitted by CA.Mohit Gupta · Posted 22 May 2021 · Other files by CA.Mohit Gupta · Report

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