https://www.taxtmi.com/caselaws?id=71627 A searched document must be read as a whole, including its reverse side, and a contemporaneous statement recorded during search can be treated as strong evidence against later retraction. On that basis, the seized loose paper was found sufficient to connect the assessee with an unrecorded cash component in a flat sale transaction. The block assessment under section 158BC/158BD was upheld because the seized material disclosed undisclosed income in the assessee's hands, even though the amount was also reflected by the purchaser. The addition for undisclosed income was sustained and the appeal failed. en-us Mon, 18 Feb 2002 00:00:00 +0530 Tue, 26 Apr 2011 11:59:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71627 A searched document must be read as a whole, including its reverse side, and a contemporaneous statement recorded during search can be treated as strong evidence against later retraction. On that basis, the seized loose paper was found sufficient to connect the assessee with an unrecorded cash component in a flat sale transaction. The block assessment under section 158BC/158BD was upheld because the seized material disclosed undisclosed income in the assessee's hands, even though the amount was also reflected by the purchaser. The addition for undisclosed income was sustained and the appeal failed. Case-Laws Income Tax Mon, 18 Feb 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71627