https://www.taxtmi.com/caselaws?id=215095 In a section 260A appeal, findings based on appreciation of documents and competing inferences will not be disturbed where the material supports more than one plausible view, and no pure question of law arises. Applying that principle, the court declined interference on the alleged dissolution of the firm and transfer of assets. In block assessment, undisclosed income must emerge clearly and directly from search-related material; selective reliance on documents and inferential assumptions is insufficient. On that basis, the Tribunal's relief to the assessee remained undisturbed and the revenue's challenge failed. en-us Wed, 04 Jul 2012 00:00:00 +0530 Wed, 01 Aug 2012 00:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215095 In a section 260A appeal, findings based on appreciation of documents and competing inferences will not be disturbed where the material supports more than one plausible view, and no pure question of law arises. Applying that principle, the court declined interference on the alleged dissolution of the firm and transfer of assets. In block assessment, undisclosed income must emerge clearly and directly from search-related material; selective reliance on documents and inferential assumptions is insufficient. On that basis, the Tribunal's relief to the assessee remained undisturbed and the revenue's challenge failed. Case-Laws Income Tax Wed, 04 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215095