Only a statement recorded during survey not basis for reopening assessment

In absence of any independent material, statement of assessee’s son recorded during survey would not form a valid basis for reopening assessment of assessee. Held by Gujarat HC in the case of Shardaben K. Modi.

For complete text of judgement <a href=”https://www.rpaadvisor.com/wp-content/uploads/2013/07/shardaben-k-modi-gujarat-HC.pdf”>shardaben k modi-gujarat HC