https://www.taxtmi.com/caselaws?id=243322 In block assessment, additions cannot be sustained on a mere estimate where search material does not establish the undisclosed component with certainty; the deletion of additions relating to cheque and cash payments for the earlier block period was upheld. Where seized vouchers and statements showed inflated expenditure for later years, however, only the excess representing the inflation could be brought to tax, not the full recorded expenditure. The Tribunal's blanket deletion on that issue was set aside and the matter was remitted to the Assessing Officer to quantify the inflated portion after giving the assessee an opportunity to explain the material. en-us Wed, 18 Dec 2013 00:00:00 +0530 Thu, 30 Jan 2014 09:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243322 In block assessment, additions cannot be sustained on a mere estimate where search material does not establish the undisclosed component with certainty; the deletion of additions relating to cheque and cash payments for the earlier block period was upheld. Where seized vouchers and statements showed inflated expenditure for later years, however, only the excess representing the inflation could be brought to tax, not the full recorded expenditure. The Tribunal's blanket deletion on that issue was set aside and the matter was remitted to the Assessing Officer to quantify the inflated portion after giving the assessee an opportunity to explain the material. Case-Laws Income Tax Wed, 18 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243322