https://www.taxtmi.com/caselaws?id=262840 In block assessment, additions are confined to undisclosed income within the relevant block period, and the Assessing Officer in remand cannot go beyond the Tribunal's earlier directions. Fixed deposits made before the block period, or deposits standing in others' names without cogent evidence that the funds belonged to the assessee or that the holders were benamidars, cannot be treated as undisclosed income. Investment in a housing society flat was also held explained where payments were traced to a bank account credited with salary income subjected to tax deduction at source, and the absence of separate returns did not by itself make the investment undisclosed. The impugned additions were therefore unsustainable. en-us Fri, 14 Aug 2015 00:00:00 +0530 Fri, 21 Aug 2015 07:54:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262840 In block assessment, additions are confined to undisclosed income within the relevant block period, and the Assessing Officer in remand cannot go beyond the Tribunal's earlier directions. Fixed deposits made before the block period, or deposits standing in others' names without cogent evidence that the funds belonged to the assessee or that the holders were benamidars, cannot be treated as undisclosed income. Investment in a housing society flat was also held explained where payments were traced to a bank account credited with salary income subjected to tax deduction at source, and the absence of separate returns did not by itself make the investment undisclosed. The impugned additions were therefore unsustainable. Case-Laws Income Tax Fri, 14 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262840