https://www.taxtmi.com/caselaws?id=70924 A qualified offer in a return, made only to buy peace and later retracted, could not by itself sustain an addition as undisclosed income. The Revenue was still required to independently prove that the seized material belonged to the assessee and that the alleged income was taxable in law. Because the record did not establish ownership of the floppies or provide evidentiary support for the computation, the addition rested on an erroneous premise and was deleted, with consequential relief on interest. en-us Fri, 21 Apr 2006 00:00:00 +0530 Wed, 20 Apr 2011 11:07:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70924 A qualified offer in a return, made only to buy peace and later retracted, could not by itself sustain an addition as undisclosed income. The Revenue was still required to independently prove that the seized material belonged to the assessee and that the alleged income was taxable in law. Because the record did not establish ownership of the floppies or provide evidentiary support for the computation, the addition rested on an erroneous premise and was deleted, with consequential relief on interest. Case-Laws Income Tax Fri, 21 Apr 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70924