https://www.taxtmi.com/caselaws?id=68622 In block assessment, an addition must be based on seized material or direct evidence, not on presumption, suspicion, or mere estimation. Where a seized loose paper was capable of two explanations and the assessee's version was supported by the seller's power of attorney and affidavit, the unexplained investment addition was deleted. Likewise, an estimated addition for undisclosed household expenses based only on a general statement and ad hoc estimate was unsustainable in the absence of seized evidence, especially where the family arrangement and recorded foreign trip expenses supported the assessee. The appeal succeeded on the substantive additions, granting partial relief. en-us Fri, 18 Aug 2006 00:00:00 +0530 Mon, 16 Jul 2012 13:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68622 In block assessment, an addition must be based on seized material or direct evidence, not on presumption, suspicion, or mere estimation. Where a seized loose paper was capable of two explanations and the assessee's version was supported by the seller's power of attorney and affidavit, the unexplained investment addition was deleted. Likewise, an estimated addition for undisclosed household expenses based only on a general statement and ad hoc estimate was unsustainable in the absence of seized evidence, especially where the family arrangement and recorded foreign trip expenses supported the assessee. The appeal succeeded on the substantive additions, granting partial relief. Case-Laws Income Tax Fri, 18 Aug 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68622