https://www.taxtmi.com/caselaws?id=63272 Peak credit additions in block assessment require search material or other conclusive evidence; a disclosed bank account reflected in regular books and cash book could not be sustained without proper examination of deposit sources, so that addition was remanded. An addition for alleged unexplained investment arising from a difference in share purchase consideration was deleted where confirmations, assessment records, balance sheets and seized books supported the transaction and no evidence showed payment from undisclosed sources, with the discrepancy explained as a clerical mistake. en-us Tue, 31 Dec 2002 00:00:00 +0530 Fri, 28 Jan 2011 18:14:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63272 Peak credit additions in block assessment require search material or other conclusive evidence; a disclosed bank account reflected in regular books and cash book could not be sustained without proper examination of deposit sources, so that addition was remanded. An addition for alleged unexplained investment arising from a difference in share purchase consideration was deleted where confirmations, assessment records, balance sheets and seized books supported the transaction and no evidence showed payment from undisclosed sources, with the discrepancy explained as a clerical mistake. Case-Laws Income Tax Tue, 31 Dec 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63272