https://www.taxtmi.com/caselaws?id=204453 Seized search material showing sales outside the books can support an inference of undisclosed production, and in block assessment the intervening period may be estimated where the extrapolation has a rational nexus with that evidence and is not arbitrary. The text explains that papers covering only part of the period may still establish a continuing pattern of undisclosed sales, making extrapolation permissible if the Tribunal's approach is plausible and no perversity is shown. en-us Wed, 06 Apr 2011 00:00:00 +0530 Sat, 24 Mar 2012 13:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=204453 Seized search material showing sales outside the books can support an inference of undisclosed production, and in block assessment the intervening period may be estimated where the extrapolation has a rational nexus with that evidence and is not arbitrary. The text explains that papers covering only part of the period may still establish a continuing pattern of undisclosed sales, making extrapolation permissible if the Tribunal's approach is plausible and no perversity is shown. Case-Laws Income Tax Wed, 06 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=204453