https://www.taxtmi.com/caselaws?id=66364 Block assessment under Chapter XIV-B is confined to undisclosed income found on the basis of material unearthed during search, and it cannot be used as a substitute for regular assessment. Interest income that was already recorded in audited accounts and known to the Department could not be brought to tax in block proceedings where no seized material linked it to undisclosed income. In the absence of search-related evidence supporting the addition, the assessment of that income in block proceedings was unsustainable, and the matter was treated as falling outside the scope of Chapter XIV-B. en-us Fri, 29 Nov 2002 00:00:00 +0530 Wed, 23 Feb 2011 18:33:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66364 Block assessment under Chapter XIV-B is confined to undisclosed income found on the basis of material unearthed during search, and it cannot be used as a substitute for regular assessment. Interest income that was already recorded in audited accounts and known to the Department could not be brought to tax in block proceedings where no seized material linked it to undisclosed income. In the absence of search-related evidence supporting the addition, the assessment of that income in block proceedings was unsustainable, and the matter was treated as falling outside the scope of Chapter XIV-B. Case-Laws Income Tax Fri, 29 Nov 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66364