https://www.taxtmi.com/caselaws?id=175544 In block assessment under Chapter XIV-B, an addition for alleged understatement of purchase price and development cost could not be sustained without incriminating material found during search. Ordinary ownership papers, by themselves, did not show concealed consideration or suppressed investment, and a DVO reference could not replace search-based evidence. The Tribunal's deletion of the addition was therefore upheld, and the Revenue's appeal failed for want of any substantial question of law. en-us Fri, 04 May 2007 00:00:00 +0530 Sat, 17 Feb 2024 11:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=175544 In block assessment under Chapter XIV-B, an addition for alleged understatement of purchase price and development cost could not be sustained without incriminating material found during search. Ordinary ownership papers, by themselves, did not show concealed consideration or suppressed investment, and a DVO reference could not replace search-based evidence. The Tribunal's deletion of the addition was therefore upheld, and the Revenue's appeal failed for want of any substantial question of law. Case-Laws Income Tax Fri, 04 May 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=175544