https://www.taxtmi.com/caselaws?id=206457 Block assessment proceedings under section 158BD can be validly initiated on prima facie satisfaction from search-linked material, and minority during part of the block period does not by itself invalidate the notice; the period of minority affects computation, not initiation. Under section 69, undisclosed income may be assessed on a reasonable estimate supported by material and inferences, subject to correction where valuation is excessive. Surcharge under section 113 was treated as leviable in block assessments. Income attributable to a period when the assessee was a minor, other than income from personal labour or skill, had to be clubbed in the parent's hands. en-us Wed, 15 Dec 2010 00:00:00 +0530 Wed, 02 Nov 2011 07:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206457 Block assessment proceedings under section 158BD can be validly initiated on prima facie satisfaction from search-linked material, and minority during part of the block period does not by itself invalidate the notice; the period of minority affects computation, not initiation. Under section 69, undisclosed income may be assessed on a reasonable estimate supported by material and inferences, subject to correction where valuation is excessive. Surcharge under section 113 was treated as leviable in block assessments. Income attributable to a period when the assessee was a minor, other than income from personal labour or skill, had to be clubbed in the parent's hands. Case-Laws Income Tax Wed, 15 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206457