https://www.taxtmi.com/caselaws?id=70064 In block assessment under Ch XIV-B, the dominant issue was whether fixed deposits in benami/fictitious names, discovered only through post-search investigation and not evidenced by assets/documents found during search, could be assessed as "undisclosed income." Applying s.158BB and the statutory limitation that block computation must rest on material found "as a result of search," the Tribunal held such deposits fell outside the permissible evidentiary base; the addition was deleted. On the separate issue of bad debts from regular business dealings already forming part of regular assessments, the Tribunal held Ch XIV-B is not a forum for routine computation claims; the deduction was rightly disallowed in block computation. en-us Thu, 27 Sep 2001 00:00:00 +0530 Fri, 09 Jan 2026 14:39:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70064 In block assessment under Ch XIV-B, the dominant issue was whether fixed deposits in benami/fictitious names, discovered only through post-search investigation and not evidenced by assets/documents found during search, could be assessed as "undisclosed income." Applying s.158BB and the statutory limitation that block computation must rest on material found "as a result of search," the Tribunal held such deposits fell outside the permissible evidentiary base; the addition was deleted. On the separate issue of bad debts from regular business dealings already forming part of regular assessments, the Tribunal held Ch XIV-B is not a forum for routine computation claims; the deduction was rightly disallowed in block computation. Case-Laws Income Tax Thu, 27 Sep 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70064