https://www.taxtmi.com/caselaws?id=71198 Chapter XIV-B block assessment is confined to undisclosed income detected from search material, so credits already reflected in the regular books, trial balance and return cannot be taxed as undisclosed income absent search evidence; the addition was unsustainable. For section 158BD, some material seized in search must indicate undisclosed income belonging to another person, and the absence of a formally recorded satisfaction is not fatal if such material exists; on the stated facts, the jurisdictional basis for the notice was found to exist and the notice was treated as valid. The text therefore states that the block assessment failed on the undisclosed-income issue, while the section 158BD objection failed. en-us Mon, 28 Mar 2005 00:00:00 +0530 Thu, 21 Apr 2011 18:28:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71198 Chapter XIV-B block assessment is confined to undisclosed income detected from search material, so credits already reflected in the regular books, trial balance and return cannot be taxed as undisclosed income absent search evidence; the addition was unsustainable. For section 158BD, some material seized in search must indicate undisclosed income belonging to another person, and the absence of a formally recorded satisfaction is not fatal if such material exists; on the stated facts, the jurisdictional basis for the notice was found to exist and the notice was treated as valid. The text therefore states that the block assessment failed on the undisclosed-income issue, while the section 158BD objection failed. Case-Laws Income Tax Mon, 28 Mar 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71198