https://www.taxtmi.com/caselaws?id=103115 Undisclosed income in block assessment under Chapter XIV-B must be computed only on the basis of evidence found as a result of search and material relatable to that evidence. Ad hoc trading additions based on rejection of books and section 145(1) could not be brought to tax because no incriminating search material supported the estimated increase in trading results. An unexplained investment addition based only on a valuation report also failed, as higher valuation by itself did not prove extra payment or search-linked undisclosed income. Both additions were deleted. en-us Wed, 09 Oct 2002 00:00:00 +0530 Mon, 20 Feb 2012 17:55:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103115 Undisclosed income in block assessment under Chapter XIV-B must be computed only on the basis of evidence found as a result of search and material relatable to that evidence. Ad hoc trading additions based on rejection of books and section 145(1) could not be brought to tax because no incriminating search material supported the estimated increase in trading results. An unexplained investment addition based only on a valuation report also failed, as higher valuation by itself did not prove extra payment or search-linked undisclosed income. Both additions were deleted. Case-Laws Income Tax Wed, 09 Oct 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103115