https://www.taxtmi.com/caselaws?id=68208 Block assessment under section 158BC was upheld as valid because the search under section 132 and the authorisation were found proper, and the proceedings were completed within limitation. Additions for alleged unexplained jewellery, bogus sale proceeds of disclosed jewellery, unexplained land investment, marriage expenses, and deposits or investments in bank accounts, firm, shares and securities were deleted because they were not supported by incriminating search material and were linked to disclosed assets, prior statutory disclosures, or regular records. Telescoping and set-off were allowed in principle against the sustained additions, with recomputation directed after giving the assessee a reasonable opportunity. en-us Wed, 28 Nov 2001 00:00:00 +0530 Thu, 17 Mar 2011 16:28:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68208 Block assessment under section 158BC was upheld as valid because the search under section 132 and the authorisation were found proper, and the proceedings were completed within limitation. Additions for alleged unexplained jewellery, bogus sale proceeds of disclosed jewellery, unexplained land investment, marriage expenses, and deposits or investments in bank accounts, firm, shares and securities were deleted because they were not supported by incriminating search material and were linked to disclosed assets, prior statutory disclosures, or regular records. Telescoping and set-off were allowed in principle against the sustained additions, with recomputation directed after giving the assessee a reasonable opportunity. Case-Laws Income Tax Wed, 28 Nov 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68208