Court Dismisses Block Assessment Due to Lack of Evidence; Additions Based on Speculation and Guesswork Deemed Invalid. https://www.taxtmi.com/highlights?id=4636 Block assessment - Unexplained investment - estimated profit on difference in work in progress - It is only on the basis of hypothetical assumptions and the additions are purely on guess work and without any material evidences. - AT en-us Wed, 01 Aug 2012 08:04:02 +0530 Wed, 01 Aug 2012 08:04:02 +0530 TaxTMI RSS Generator Court Dismisses Block Assessment Due to Lack of Evidence; Additions Based on Speculation and Guesswork Deemed Invalid. https://www.taxtmi.com/highlights?id=4636 Block assessment - Unexplained investment - estimated profit on difference in work in progress - It is only on the basis of hypothetical assumptions and the additions are purely on guess work and without any material evidences. - AT Highlights Income Tax Wed, 01 Aug 2012 08:04:02 +0530 https://www.taxtmi.com/highlights?id=4636