https://www.taxtmi.com/caselaws?id=241803 The High Court upheld the initiation of proceedings under Section 158BD of the Income Tax Act, finding that the assessing officer had jurisdiction and acted on incriminating documents found during a search. The Court dismissed the addition of Rs. 36,21,692 based on a project report during block assessment, stating that the assessing officer failed to provide sufficient evidence to support the addition. The Court emphasized the need for proper foundation and additional evidence to justify such additions, ultimately affirming the deletion of the addition. en-us Wed, 04 Dec 2013 00:00:00 +0530 Tue, 03 Jun 2014 18:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241803 The High Court upheld the initiation of proceedings under Section 158BD of the Income Tax Act, finding that the assessing officer had jurisdiction and acted on incriminating documents found during a search. The Court dismissed the addition of Rs. 36,21,692 based on a project report during block assessment, stating that the assessing officer failed to provide sufficient evidence to support the addition. The Court emphasized the need for proper foundation and additional evidence to justify such additions, ultimately affirming the deletion of the addition. Case-Laws Income Tax Wed, 04 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241803