https://www.taxtmi.com/caselaws?id=75776 Applicability of unexplained expenditure rules was confined to the source of expenditure; therefore treating expenditures as unexplained under the source-focused doctrine was incorrect and such additions were appropriately deleted. Special audit findings unsupported by material discovered during search cannot justify additions in block assessment; block assessment determinations require material found during search, and absence of such material negates additions as deemed income under cessation principles. Netting of interest and bank charges for computing benefit under export incentive entitlement was permitted on precedent favouring the taxpayer, thereby allowing set-off for benefit calculation. en-us Fri, 30 Apr 2010 00:00:00 +0530 Thu, 18 Jun 2026 14:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=75776 Applicability of unexplained expenditure rules was confined to the source of expenditure; therefore treating expenditures as unexplained under the source-focused doctrine was incorrect and such additions were appropriately deleted. Special audit findings unsupported by material discovered during search cannot justify additions in block assessment; block assessment determinations require material found during search, and absence of such material negates additions as deemed income under cessation principles. Netting of interest and bank charges for computing benefit under export incentive entitlement was permitted on precedent favouring the taxpayer, thereby allowing set-off for benefit calculation. Case-Laws Income Tax Fri, 30 Apr 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=75776