https://www.taxtmi.com/caselaws?id=63804 In block assessment, additions cannot rest on unverified estimates or material already reflected in regular books unless reliable search evidence shows undisclosed income. Duplicate sale bills and estimated turnover were rejected because purchases were accepted, originals and confirmations were produced, and no cogent proof of suppressed sales existed. The debit balances in seized ledger B-29 were also deleted because recorded entries could not be taxed again and the diary entries lacked corroboration. The alleged unexplained bid-money investment failed for want of proof linking it to the assessee, and cash deposits in the disclosed bank account were accepted as referable to recorded business receipts. en-us Fri, 28 Nov 2003 00:00:00 +0530 Wed, 02 Feb 2011 10:22:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63804 In block assessment, additions cannot rest on unverified estimates or material already reflected in regular books unless reliable search evidence shows undisclosed income. Duplicate sale bills and estimated turnover were rejected because purchases were accepted, originals and confirmations were produced, and no cogent proof of suppressed sales existed. The debit balances in seized ledger B-29 were also deleted because recorded entries could not be taxed again and the diary entries lacked corroboration. The alleged unexplained bid-money investment failed for want of proof linking it to the assessee, and cash deposits in the disclosed bank account were accepted as referable to recorded business receipts. Case-Laws Income Tax Fri, 28 Nov 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63804