https://www.taxtmi.com/caselaws?id=235381 In block assessment, additions for inflated purchases cannot be extrapolated to the entire block period unless seized material or related evidence establishes a direct nexus with that period; the Court held that such an unsupported extension was impermissible and upheld deletion of the addition. On alleged unaccounted stock, the stock discrepancy was explained as goods received on approval basis and supported by regular records, and the concurrent factual findings were not shown to suffer from legal error; the deletion was therefore sustained. No substantial question of law arose, and the Revenue's appeal failed. en-us Thu, 04 Apr 2013 00:00:00 +0530 Fri, 10 Apr 2026 12:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235381 In block assessment, additions for inflated purchases cannot be extrapolated to the entire block period unless seized material or related evidence establishes a direct nexus with that period; the Court held that such an unsupported extension was impermissible and upheld deletion of the addition. On alleged unaccounted stock, the stock discrepancy was explained as goods received on approval basis and supported by regular records, and the concurrent factual findings were not shown to suffer from legal error; the deletion was therefore sustained. No substantial question of law arose, and the Revenue's appeal failed. Case-Laws Income Tax Thu, 04 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235381