https://www.taxtmi.com/caselaws?id=170130 The Tribunal upheld the assessee's jurisdictional challenge regarding utilizing information from a survey in block assessments. It emphasized that additions in block assessments must be based on incriminating material found during the search. The Tribunal directed the Assessing Officer to allow the set-off of unaccounted losses and unabsorbed depreciation. It also instructed a reconsideration of disallowed lease rents and interest deductions. The Tribunal sustained certain additions but rejected others lacking evidence. It found the admission of additional evidence in violation of rules but upheld its necessity. The Tribunal allowed the assessee's appeal and dismissed the Revenue's appeal, directing a reassessment based on the provided evidence and legal principles. en-us Fri, 10 May 2013 00:00:00 +0530 Thu, 23 Apr 2015 17:47:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=170130 The Tribunal upheld the assessee's jurisdictional challenge regarding utilizing information from a survey in block assessments. It emphasized that additions in block assessments must be based on incriminating material found during the search. The Tribunal directed the Assessing Officer to allow the set-off of unaccounted losses and unabsorbed depreciation. It also instructed a reconsideration of disallowed lease rents and interest deductions. The Tribunal sustained certain additions but rejected others lacking evidence. It found the admission of additional evidence in violation of rules but upheld its necessity. The Tribunal allowed the assessee's appeal and dismissed the Revenue's appeal, directing a reassessment based on the provided evidence and legal principles. Case-Laws Income Tax Fri, 10 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=170130