https://www.taxtmi.com/caselaws?id=216893 The High Court upheld the Tribunal's decision in a case concerning block assessment under the Income Tax Act, ruling that in the absence of incriminating material found during a search operation, the Assessing Officer cannot rely on information disclosed in previous returns to compute undisclosed income. The Court dismissed the revenue's appeal, affirming the Tribunal's deletion of additions made by the Assessing Officer in the block assessment, emphasizing that assessments without incriminating material cannot be reopened to require the assessee to prove the source of income again. en-us Mon, 03 Sep 2012 00:00:00 +0530 Thu, 20 Sep 2012 17:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216893 The High Court upheld the Tribunal's decision in a case concerning block assessment under the Income Tax Act, ruling that in the absence of incriminating material found during a search operation, the Assessing Officer cannot rely on information disclosed in previous returns to compute undisclosed income. The Court dismissed the revenue's appeal, affirming the Tribunal's deletion of additions made by the Assessing Officer in the block assessment, emphasizing that assessments without incriminating material cannot be reopened to require the assessee to prove the source of income again. Case-Laws Income Tax Mon, 03 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216893