https://www.taxtmi.com/caselaws?id=68234 Block assessment under Chapter XIV-B is confined to undisclosed income supported by material found in the search, so income for earlier years cannot be estimated in the absence of seized documents or other incriminating evidence. The analysis rejected reliance on presumptions, conjecture, or a rule of thumb for extending the addition to periods not backed by search material. It also noted that surcharge under section 113 was introduced only from 1 June 2002 and, as a taxing provision creating a new liability, could not be applied retrospectively to a search conducted before that date absent clear legislative intent. en-us Fri, 24 Feb 2006 00:00:00 +0530 Tue, 19 Mar 2024 16:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68234 Block assessment under Chapter XIV-B is confined to undisclosed income supported by material found in the search, so income for earlier years cannot be estimated in the absence of seized documents or other incriminating evidence. The analysis rejected reliance on presumptions, conjecture, or a rule of thumb for extending the addition to periods not backed by search material. It also noted that surcharge under section 113 was introduced only from 1 June 2002 and, as a taxing provision creating a new liability, could not be applied retrospectively to a search conducted before that date absent clear legislative intent. Case-Laws Income Tax Fri, 24 Feb 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68234