https://www.taxtmi.com/caselaws?id=174289 In a block assessment under Chapter XIV-B, an addition for sales promotion expenses could not be sustained as undisclosed income without incriminating material found in the search. The Tribunal held that undisclosed income must be linked to search evidence and cannot rest on conjecture, presumptions, or a review of completed assessments. Here, gift purchases were fully vouched, payments were made by account payee cheques, no undisclosed stock was found, no issue on sales promotion expenses arose in the section 132(4) examination, and the seized gift register was incomplete and confined to one period. The addition was deleted and the assessee's appeal succeeded. en-us Fri, 16 May 1997 00:00:00 +0530 Mon, 13 Oct 2025 15:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=174289 In a block assessment under Chapter XIV-B, an addition for sales promotion expenses could not be sustained as undisclosed income without incriminating material found in the search. The Tribunal held that undisclosed income must be linked to search evidence and cannot rest on conjecture, presumptions, or a review of completed assessments. Here, gift purchases were fully vouched, payments were made by account payee cheques, no undisclosed stock was found, no issue on sales promotion expenses arose in the section 132(4) examination, and the seized gift register was incomplete and confined to one period. The addition was deleted and the assessee's appeal succeeded. Case-Laws Income Tax Fri, 16 May 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=174289