https://www.taxtmi.com/caselaws?id=62755 In block assessment, undisclosed income must be supported by seized material or enquiries directly arising from it; generalized estimates, extraneous valuation reports, or suspicion are insufficient. Disclosed investments, registered property transactions, and receipts shown in regular returns cannot be treated as undisclosed merely by substituting an estimated market value or presuming on-money unless incriminating material exists. The discussion also notes that personal outgoings such as household, marriage, travel, and car-repair expenses require specific supporting material before addition, while unexplained cash outgoings and inadequately explained investments or loans may still be sustained where the record supports them. The stated position is mixed relief, with many estimated additions deleted and limited items upheld. en-us Thu, 13 Aug 2009 00:00:00 +0530 Fri, 21 Jan 2011 15:39:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62755 In block assessment, undisclosed income must be supported by seized material or enquiries directly arising from it; generalized estimates, extraneous valuation reports, or suspicion are insufficient. Disclosed investments, registered property transactions, and receipts shown in regular returns cannot be treated as undisclosed merely by substituting an estimated market value or presuming on-money unless incriminating material exists. The discussion also notes that personal outgoings such as household, marriage, travel, and car-repair expenses require specific supporting material before addition, while unexplained cash outgoings and inadequately explained investments or loans may still be sustained where the record supports them. The stated position is mixed relief, with many estimated additions deleted and limited items upheld. Case-Laws Income Tax Thu, 13 Aug 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62755