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Case lawHigh Court › Kailashben Manharlal Chokshi v CIT
High CourtHelps taxpayers.132(4)s.132s.143s.256(1)

Kailashben Manharlal Chokshi v CIT

I disclosed a large sum in the search statement and retracted two months later. Will the retraction hold?

I disclosed a large sum in the search statement and retracted two months later. Will the retraction hold?

Partly, and only for what the department cannot corroborate. An admission is evidence but not conclusive, so additions for house property, gold and furniture that rested only on the retracted statement were deleted, while the amount matched by unaccounted cash actually found was upheld.

Decided by the High Court (Gujarat High Court — K.A. Puj J and Bankim N. Mehta J) on 2008-09-01, reported as [2008] 174 Taxman 466 (Guj) / [2010] 328 ITR 411 (Guj) / [2008] 220 CTR 138 (Guj); IT Reference No. 111 of 1997. It bears on section 132(4), section 132, section 143, section 256(1) of the Income Tax Act 1961, in Evidence & Burden of Proof and Search, Survey & Block Assessment matters.

Read this before you cite it. Kailashben's own retraction came two months after the s.132(4) statement and still succeeded; the ratio is that an admission needs corroboration - only the Rs 1 lakh addition backed by seized cash survived, and the rest was deleted.
Still good law. Followed by the Gujarat High Court in CIT v. Chandrakumar Jethmal Kochar [2015] 55 taxmann.com 292 / [2015] 230 Taxman 78 (Guj), decided 12 November 2014, where the CASE REVIEW records Kailashben Manharlal Chokshi as followed at para 6 and the Court set out para 23 of it in full before holding that an admission of benami concerns, retracted and uncorroborated, could not sustain the addition. No later decision doubting or overruling it was found.

Why it matters

This is the standard authority for attacking a search disclosure, and it gives you two separate arguments: that the circumstances in which a statement is taken at odd hours during a search go to whether it was voluntary, and that the authorities must deal with the explanations offered on retraction instead of dismissing them as an afterthought. It also shows the ceiling: the head backed by material survived, so the outcome is usually a split rather than a clean deletion.

Binding within that High Court's jurisdiction. Persuasive elsewhere.

Not yet CA-verified. This entry was found through the sources listed under the Sources tab, and the summary reflects what those sources say. Nobody has yet read the full judgment and signed it off. Check the source before relying on it.

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Related

Other authorities on the same sections.

Used in these worked examples

Notice situations where this decision carries one of the steps.
A surrender signed at midnight in a survey, retracted five weeks laterOur partner surrendered Rs 1.2 crore during a survey and we have since retracted with a stock reconciliation - can the assessment still rest on that statement?Cash and loose sheets found in a search, taxed at the special rateThe AO has taxed everything found at my premises as unexplained money at the special rate - can I get out of the section, or at least off the rate?