https://www.taxtmi.com/caselaws?id=71175 In block assessment proceedings, additions cannot rest on seized diary or paper entries alone unless the Revenue corroborates that they reflect undisclosed income, investment, or inflated expenditure. Incomplete working entries in diary PKC-60, unverified deposits in the names of third parties, a minor investment discrepancy, and alleged expenditure inflation were all held unsustainable because the Revenue produced no independent evidence to prove actual undisclosed transactions. Protective addition in the assessee's hands for the Maa Durga Service Station material also failed where the substantive addition belonged to the proprietor and no basis existed to attribute the income to the assessee. en-us Wed, 27 Sep 2006 00:00:00 +0530 Fri, 23 Feb 2024 11:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71175 In block assessment proceedings, additions cannot rest on seized diary or paper entries alone unless the Revenue corroborates that they reflect undisclosed income, investment, or inflated expenditure. Incomplete working entries in diary PKC-60, unverified deposits in the names of third parties, a minor investment discrepancy, and alleged expenditure inflation were all held unsustainable because the Revenue produced no independent evidence to prove actual undisclosed transactions. Protective addition in the assessee's hands for the Maa Durga Service Station material also failed where the substantive addition belonged to the proprietor and no basis existed to attribute the income to the assessee. Case-Laws Income Tax Wed, 27 Sep 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71175