https://www.taxtmi.com/caselaws?id=62282 In block assessment, additions were sustained only where the assessee failed to prove the source of investments or cash balance with credible material. The claimed opening cash balance was largely rejected, though one investment of Rs. 50,000 was accepted as explained; a later investment remained unexplained. Relief was granted for limited agricultural income and income already assessed, resulting in deletion or reduction of related household-expense and undisclosed-income additions. The investment in the Ranni property was accepted as explained by withdrawal and repayment transactions with Manju Enterprises, so that addition was deleted. For the later assessment years, only admitted interest and salary income was taxed and no interference was made. en-us Fri, 19 Sep 1997 00:00:00 +0530 Wed, 19 Jan 2011 10:47:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62282 In block assessment, additions were sustained only where the assessee failed to prove the source of investments or cash balance with credible material. The claimed opening cash balance was largely rejected, though one investment of Rs. 50,000 was accepted as explained; a later investment remained unexplained. Relief was granted for limited agricultural income and income already assessed, resulting in deletion or reduction of related household-expense and undisclosed-income additions. The investment in the Ranni property was accepted as explained by withdrawal and repayment transactions with Manju Enterprises, so that addition was deleted. For the later assessment years, only admitted interest and salary income was taxed and no interference was made. Case-Laws Income Tax Fri, 19 Sep 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62282