https://www.taxtmi.com/caselaws?id=202860 In block assessment proceedings, an additional ground challenging jurisdiction under section 158BD was not admitted at the second appellate stage because it required fresh factual inquiry, had not been raised before lower authorities, and the existing record did not show a jurisdictional defect. The Tribunal also held that block additions must be based on evidence found in search or requisition and material relatable to that evidence; a post-search Departmental Valuation Officer report, by itself, cannot justify an enhanced undisclosed investment addition. On the facts, the addition was confined to the declared purchase investment of Rs. 4,00,000 and the balance valuation-based addition was deleted. en-us Fri, 07 May 2010 00:00:00 +0530 Sat, 01 Jun 2013 17:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=202860 In block assessment proceedings, an additional ground challenging jurisdiction under section 158BD was not admitted at the second appellate stage because it required fresh factual inquiry, had not been raised before lower authorities, and the existing record did not show a jurisdictional defect. The Tribunal also held that block additions must be based on evidence found in search or requisition and material relatable to that evidence; a post-search Departmental Valuation Officer report, by itself, cannot justify an enhanced undisclosed investment addition. On the facts, the addition was confined to the declared purchase investment of Rs. 4,00,000 and the balance valuation-based addition was deleted. Case-Laws Income Tax Fri, 07 May 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=202860