found that similar the retraction by Shri Sunil
to save the appellant trust the retractions have and filed a been retraction
other employees ... trustee of appellant and used for its own
purpose. As in retraction statement also, facts remained the same that
capitation fees were taken for admission
cross examination
statements is enclosed. These cross-examination statements should
not be relied upon as it is based on retraction affidavits which are
nothing ... said retraction affidavits, during the course of the
Remand Proceedings.
15.24 Further, all the three witnesses have retracted from their original
statement, during the course
course of
business.
3 Statements of OIO/OIA relied heavily Statements were obtained
Appellant I, III & IV on these statements ... under coercion, later
implicating appellants confirm confiscation retracted on 07.02.2024.
in gold smuggling. and penalty. Retracted statements
cannot form sole basis for
adverse findings.
Principles
statement u/s 132(4) "bf the Act that these transactions are accommodation
entries, more particularly when the person who gave the statement retracted ... said
retractions were submitted to the department on 05.09.2019 and were available to
the Assessing Officer. The issue of retracted statements has been examined
their statements. In
this regard, the Ld A.R summarised the details of the date of recording of
statements and the date of retraction ... statement was
Satyam Projects Ltd.
However, the AR states that all the aforesaid statements relied upon by the AO are
retracted by the said parties
their statements. In
this regard, the Ld A.R summarised the details of the date of recording of
statements and the date of retraction ... statement was
Satyam Projects Ltd.
However, the AR states that all the aforesaid statements relied upon by the AO are
retracted by the said parties
their statements. In
this regard, the Ld A.R summarised the details of the date of recording of
statements and the date of retraction ... statement was
Satyam Projects Ltd.
However, the AR states that all the aforesaid statements relied upon by the AO are
retracted by the said parties
their statements. In
this regard, the Ld A.R summarised the details of the date of recording of
statements and the date of retraction ... statement was
Satyam Projects Ltd.
However, the AR states that all the aforesaid statements relied upon by the AO are
retracted by the said parties
their statements. In
this regard, the Ld A.R summarised the details of the date of recording of
statements and the date of retraction ... statement was
Satyam Projects Ltd.
However, the AR states that all the aforesaid statements relied upon by the AO are
retracted by the said parties
based on only the statement of buyers
and the appellants. The statements of the appellants have been
retracted, but statements have not been tested ... Department relied on the statements made by third parties including
transporters, agents, and their employees. Where such statements are
subsequently retracted or resiled from
