https://www.taxtmi.com/caselaws?id=260673 Block assessment additions for alleged premium on kerosene oil could not be sustained where they rested mainly on loose papers and diary entries recovered from third parties, without corroborating statements or material from the assessee's premises. Because the regular books of account and trading results were not rejected and no defect in the trading account was established, the seized third-party material alone was insufficient to infer undisclosed premium income. The additions for premium and extra premium were therefore deleted, and the Revenue's challenge failed. en-us Wed, 25 Mar 2015 00:00:00 +0530 Sat, 20 Jun 2015 05:50:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260673 Block assessment additions for alleged premium on kerosene oil could not be sustained where they rested mainly on loose papers and diary entries recovered from third parties, without corroborating statements or material from the assessee's premises. Because the regular books of account and trading results were not rejected and no defect in the trading account was established, the seized third-party material alone was insufficient to infer undisclosed premium income. The additions for premium and extra premium were therefore deleted, and the Revenue's challenge failed. Case-Laws Income Tax Wed, 25 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260673