Importance of Statements taken in Survey & Search by Tax Authorities & Safeguard
This course explores the process of recording and retracting statements in tax audits. Topics include the importance of oaths, who can record statements, and differences between Sections 131(1), 131(1A), and 132(4). You'll learn about issuing summons post-search, retraction procedures, and the legal weight of admissions.
Faculty Instructor
Start Date
22 Aug 2024
End Date
22 Aug 2024
Duration :
2 Hrs
Lesson :
1
Time :
06:00 PM
-
08:00 PM
₹699
₹999
+GSTWho is this for?
- Students and Learners
- Government Officials
- Business Owners
- Finance Professionals
- Accountants
- Tax Professionals
What will be Covered in the Course?
- Brief Introduction on statement
- Meaning of Oath and its significance
- Who can record statement?
- Some interesting facts about recording of statement
- Section 131(1) and 131(1A) and difference in both sections
- Section 132(4) and some important points regarding recording of statement u/s 132
- Can summons u/s 131(1A) be issued after conclusion of search
- Manner of retraction of statement
- Admission is an important evidence but not conclusive
- Retraction of statement recorded during late hours
- Retraction of statement taken under duress, coercion, misconception of facts etc.
- Retraction of statement needs corroboration
- Statement u/s 132(4) cannot be sole basis of addition if the same has been subsequently retracted
- Burden of proof is on assessee for retraction of statement
- Judicial pronouncement on manner of retraction
- Judicial pronouncements where retraction has been rejected
- Some important points regarding statement and its retraction
Tax Authorities Course’s Key Features
- English Medium
- Duration 2 Hours
- E Certificate
- E Notes available
- The Recordings will be provided