https://www.taxtmi.com/caselaws?id=71030 The Tribunal partially allowed the appeal, upholding an addition of Rs. 3.35 lakhs as undisclosed income based on a seized document but deleting an addition of Rs. 42,18,134 due to lack of direct evidence. The Tribunal emphasized the necessity of concrete evidence rather than presumption in block assessments under Chapter XIV-B, ultimately finding the larger addition unsustainable. en-us Thu, 06 May 1999 00:00:00 +0530 Sat, 24 Mar 2012 12:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71030 The Tribunal partially allowed the appeal, upholding an addition of Rs. 3.35 lakhs as undisclosed income based on a seized document but deleting an addition of Rs. 42,18,134 due to lack of direct evidence. The Tribunal emphasized the necessity of concrete evidence rather than presumption in block assessments under Chapter XIV-B, ultimately finding the larger addition unsustainable. Case-Laws Income Tax Thu, 06 May 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71030