https://www.taxtmi.com/caselaws?id=210456 In block assessment based on search material, undisclosed arrack sales may be estimated from seized evidence, prevailing sale patterns and excise notification rates, with excise duty included where part of the realisation. A set-off of miscellaneous receipts against suppressed arrack income is permissible only on proof of a clear evidentiary nexus between the receipts and the undisclosed business income. Interest on the block demand was treated as leviable, and surcharge was sustained subject to the then-prevailing understanding of section 113 and the Supreme Court Larger Bench position. en-us Thu, 11 Aug 2011 00:00:00 +0530 Fri, 14 Dec 2012 11:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210456 In block assessment based on search material, undisclosed arrack sales may be estimated from seized evidence, prevailing sale patterns and excise notification rates, with excise duty included where part of the realisation. A set-off of miscellaneous receipts against suppressed arrack income is permissible only on proof of a clear evidentiary nexus between the receipts and the undisclosed business income. Interest on the block demand was treated as leviable, and surcharge was sustained subject to the then-prevailing understanding of section 113 and the Supreme Court Larger Bench position. Case-Laws Income Tax Thu, 11 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210456