https://www.taxtmi.com/caselaws?id=67183 In a block assessment, an addition based on a DVO valuation report and seized marble bills was held unsustainable where the house construction expenditure had already been disclosed in the books and considered in regular assessments. The valuation report, by itself, was not treated as material found during search to support block assessment taxation of undisclosed income. The seized bills were regarded as accounted documents already taken into account by the assessing authority, so they could not be used again as a basis for treating the expenditure as undisclosed. The relief granted by the first appellate authority was therefore upheld. en-us Fri, 25 Jul 2003 00:00:00 +0530 Wed, 09 Mar 2011 13:46:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67183 In a block assessment, an addition based on a DVO valuation report and seized marble bills was held unsustainable where the house construction expenditure had already been disclosed in the books and considered in regular assessments. The valuation report, by itself, was not treated as material found during search to support block assessment taxation of undisclosed income. The seized bills were regarded as accounted documents already taken into account by the assessing authority, so they could not be used again as a basis for treating the expenditure as undisclosed. The relief granted by the first appellate authority was therefore upheld. Case-Laws Income Tax Fri, 25 Jul 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67183