https://www.taxtmi.com/caselaws?id=68754 Under Chapter XIV-B, income already reflected in earlier returns and supported by employer records, tax deduction evidence, advance tax, and self-assessment tax payments cannot be treated as undisclosed income merely because a return was filed belatedly; such receipts must be excluded from block assessment. An addition for alleged undisclosed investment based only on a DVO's estimate of house property alterations was unsustainable where no seized material or contemporaneous evidence linked the expenditure to the block period, and an earlier approved valuer's report showed the additions were completed before that period. The block assessment was therefore limited to income proved by material evidence. en-us Thu, 31 May 2001 00:00:00 +0530 Fri, 01 Apr 2011 12:45:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68754 Under Chapter XIV-B, income already reflected in earlier returns and supported by employer records, tax deduction evidence, advance tax, and self-assessment tax payments cannot be treated as undisclosed income merely because a return was filed belatedly; such receipts must be excluded from block assessment. An addition for alleged undisclosed investment based only on a DVO's estimate of house property alterations was unsustainable where no seized material or contemporaneous evidence linked the expenditure to the block period, and an earlier approved valuer's report showed the additions were completed before that period. The block assessment was therefore limited to income proved by material evidence. Case-Laws Income Tax Thu, 31 May 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68754