https://www.taxtmi.com/caselaws?id=212546 Block assessment under Chapter XIV-B must be confined to undisclosed income evidenced by material found during search or requisition. Where the seized record consisted only of a construction agreement and a letter to a financial institution, additions could not be enlarged through a DVO valuation report or other material not recovered in search. The assessment therefore could not rest on extraneous valuation exercise or further additions made by the Assessing Officer beyond the seized documents, and the additions were held unsustainable. en-us Tue, 22 Nov 2011 00:00:00 +0530 Tue, 20 Nov 2012 16:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212546 Block assessment under Chapter XIV-B must be confined to undisclosed income evidenced by material found during search or requisition. Where the seized record consisted only of a construction agreement and a letter to a financial institution, additions could not be enlarged through a DVO valuation report or other material not recovered in search. The assessment therefore could not rest on extraneous valuation exercise or further additions made by the Assessing Officer beyond the seized documents, and the additions were held unsustainable. Case-Laws Income Tax Tue, 22 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212546