https://www.taxtmi.com/caselaws?id=241654 In a block assessment arising from search, additions for undisclosed income must be founded on material found during the search or information gathered from it; a departmental valuation report, by itself, is not seized material and cannot independently support an addition for unexplained construction investment. Where a kabzanama shows receipt of cash by an erstwhile owner and the assessee is not a party to it, that document cannot, without further evidence, be treated as proof of cash payment by the assessee to the plot owner. The assessment additions based on such material were therefore unsustainable. en-us Fri, 31 Aug 2012 00:00:00 +0530 Sat, 28 Dec 2013 10:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241654 In a block assessment arising from search, additions for undisclosed income must be founded on material found during the search or information gathered from it; a departmental valuation report, by itself, is not seized material and cannot independently support an addition for unexplained construction investment. Where a kabzanama shows receipt of cash by an erstwhile owner and the assessee is not a party to it, that document cannot, without further evidence, be treated as proof of cash payment by the assessee to the plot owner. The assessment additions based on such material were therefore unsustainable. Case-Laws Income Tax Fri, 31 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241654