https://www.taxtmi.com/caselaws?id=210362 Admissions made by a deceased assessee during search bound the legal representatives in block assessment, and such factual admissions could not be retracted by others. Additions had to rest on seized or corroborative material: unexplained credits and amounts supported by search records were sustained, while items explained by fund-flow statements, ledger entries, cheque trails, or prior returns were deleted or excluded from the block period. Capital gains arising from share transactions were also treated as not assessable as undisclosed income where earlier decisions in the same assessee's matters had already covered the issue. en-us Fri, 15 Jul 2011 00:00:00 +0530 Wed, 08 Feb 2012 17:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210362 Admissions made by a deceased assessee during search bound the legal representatives in block assessment, and such factual admissions could not be retracted by others. Additions had to rest on seized or corroborative material: unexplained credits and amounts supported by search records were sustained, while items explained by fund-flow statements, ledger entries, cheque trails, or prior returns were deleted or excluded from the block period. Capital gains arising from share transactions were also treated as not assessable as undisclosed income where earlier decisions in the same assessee's matters had already covered the issue. Case-Laws Income Tax Fri, 15 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210362