Proceedings against a person based on the sworn statement of another person, which was not corroborated by any other evidence is an impermissible action under the law so stated inby Kerala High Court in (2019] 13 ITR-OL 740 (Ker).
This case involved the addition made of “pakadi” as disclosed by another in his sworn statement taken under section 132(4) of the Income-tax Act in search action.
In this case the statement was confronted to the assessee, but he denied the same so that the Court found no valid reason to even remand.
