https://www.taxtmi.com/caselaws?id=233540 In block assessment proceedings, the Tribunal's deletion and partial modification of additions were upheld because each disputed item turned on factual appreciation of seized material, statements, valuation reports and surrounding circumstances rather than any debatable legal principle. The renovation additions failed for want of seized evidence and could not rest on estimates in block assessment. The unsecured loans and capital accretion were already disclosed in regular returns and therefore did not constitute undisclosed income. For investment and property-related additions, the Tribunal preferred documentary evidence, treated an isolated statement or dumb document as insufficient, and rejected proof of undisclosed income. Commission-related additions were reduced on the finding that the assessee acted only as an agent earning commission. en-us Mon, 11 Mar 2013 00:00:00 +0530 Sat, 04 May 2013 21:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=233540 In block assessment proceedings, the Tribunal's deletion and partial modification of additions were upheld because each disputed item turned on factual appreciation of seized material, statements, valuation reports and surrounding circumstances rather than any debatable legal principle. The renovation additions failed for want of seized evidence and could not rest on estimates in block assessment. The unsecured loans and capital accretion were already disclosed in regular returns and therefore did not constitute undisclosed income. For investment and property-related additions, the Tribunal preferred documentary evidence, treated an isolated statement or dumb document as insufficient, and rejected proof of undisclosed income. Commission-related additions were reduced on the finding that the assessee acted only as an agent earning commission. Case-Laws Income Tax Mon, 11 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=233540