Statement cannot be sole basis for addition in block assessment

Brief of the Case

Delhi High Court held In the case of CIT vs. Harjeev Aggarwal that the statements recorded would certainly constitute information and if such information is relatable to the evidence or material found during search, the same could certainly be used in evidence in any proceedings under the Act as expressly mandated by virtue of the explanation to Section 132(4). However, such statements on a standalone basis without reference to any other material discovered during search and seizure op

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