https://www.taxtmi.com/caselaws?id=176187 Seized and signed material can support additions in block assessment where the papers are found in the assessee's custody and remain unrebutted, but a capital-gains addition fails unless a completed transfer under section 2(47) is proved and receipt of alleged cash is independently established. Income already subjected to advance tax or TDS is to be assessed in the regular course, with normal deductions and related reliefs available, rather than treated as undisclosed income in block assessment. Where the same income is taxed at both source and application, a set-off may be required after factual verification to avoid double addition. en-us Mon, 08 May 2000 00:00:00 +0530 Fri, 27 Jan 2017 17:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176187 Seized and signed material can support additions in block assessment where the papers are found in the assessee's custody and remain unrebutted, but a capital-gains addition fails unless a completed transfer under section 2(47) is proved and receipt of alleged cash is independently established. Income already subjected to advance tax or TDS is to be assessed in the regular course, with normal deductions and related reliefs available, rather than treated as undisclosed income in block assessment. Where the same income is taxed at both source and application, a set-off may be required after factual verification to avoid double addition. Case-Laws Income Tax Mon, 08 May 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176187