https://www.taxtmi.com/caselaws?id=71202 The Tribunal upheld the legality of the block assessment and additions towards unexplained investment in purchases but directed the deletion of the addition made on account of unexplained stock. The appellant's challenge against the block assessment was rejected, and the Tribunal found that the assessing authority had valid jurisdiction to issue notices based on material seized from third-party premises. The Tribunal also upheld the valuation of stock variation and additions towards unexplained investment in purchases, rejecting the appellant's contentions regarding profit margins and deficit stock inclusion in the block assessment. en-us Fri, 22 Sep 2006 00:00:00 +0530 Wed, 08 Aug 2012 12:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71202 The Tribunal upheld the legality of the block assessment and additions towards unexplained investment in purchases but directed the deletion of the addition made on account of unexplained stock. The appellant's challenge against the block assessment was rejected, and the Tribunal found that the assessing authority had valid jurisdiction to issue notices based on material seized from third-party premises. The Tribunal also upheld the valuation of stock variation and additions towards unexplained investment in purchases, rejecting the appellant's contentions regarding profit margins and deficit stock inclusion in the block assessment. Case-Laws Income Tax Fri, 22 Sep 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71202