Statement under section 132(4) can be retracted

IN THE ITAT PUNE BENCH ‘A’ Jyotichand Bhaichand Saraf & Sons (P.) Ltd. versus Deputy Commissioner of Income-tax, Circle 11(1) IT APPEAL NO. 08 (PN) OF 2011 [BLOCK PERIOD 1996-97 TO 2002-03] JULY 27, 2012 ORDER Shailendra Kumar Yadav, Judicial Member This appeal filed by the assessee is directed against the order of CIT(A) dated 30-03-2010 relating to Block Period 1996-97 to 2002-03 on following grounds : “1.  On the facts and in the circumstances of the case and in law, the Hon’ble Commissioner of Income Tax (Appeal) erred in confirming addition of...