https://www.taxtmi.com/caselaws?id=63035 Interest under section 158BFA was treated as mandatory for delayed filing of a block return where the delay was attributable to the assessee and no legally acceptable excuse was shown. The Tribunal also held that the validity of a search under section 132 is not an issue it can examine in block assessment proceedings. Seized diary entries in the assessee's handwriting, supported by cash hundis, surrender material and family disclosures, were accepted as primary evidence for undisclosed income, unaccounted sales, stock profit and interest income. Limited relief was granted by reducing the estimated initial investment in unaccounted sales and allowing telescoping for the house investment. en-us Thu, 07 Aug 2003 00:00:00 +0530 Thu, 27 Jan 2011 14:07:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63035 Interest under section 158BFA was treated as mandatory for delayed filing of a block return where the delay was attributable to the assessee and no legally acceptable excuse was shown. The Tribunal also held that the validity of a search under section 132 is not an issue it can examine in block assessment proceedings. Seized diary entries in the assessee's handwriting, supported by cash hundis, surrender material and family disclosures, were accepted as primary evidence for undisclosed income, unaccounted sales, stock profit and interest income. Limited relief was granted by reducing the estimated initial investment in unaccounted sales and allowing telescoping for the house investment. Case-Laws Income Tax Thu, 07 Aug 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63035