https://www.taxtmi.com/caselaws?id=177417 In block assessment under Chapter XIV-B, an addition for alleged unexplained commission could not rest on post-search statements when no incriminating material was found during the search; search-based undisclosed income must be supported by material recovered in, or directly relatable to, the search. An alleged excess stock addition also failed because the stock position was derived only from visual estimation and guesswork, not from scientific counting or weighing. The signed panchnama did not validate the estimated figures. The Tribunal's deletion of both additions was sustained, and the appeal failed in full. en-us Mon, 27 Aug 2007 00:00:00 +0530 Fri, 08 Jan 2016 18:21:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177417 In block assessment under Chapter XIV-B, an addition for alleged unexplained commission could not rest on post-search statements when no incriminating material was found during the search; search-based undisclosed income must be supported by material recovered in, or directly relatable to, the search. An alleged excess stock addition also failed because the stock position was derived only from visual estimation and guesswork, not from scientific counting or weighing. The signed panchnama did not validate the estimated figures. The Tribunal's deletion of both additions was sustained, and the appeal failed in full. Case-Laws Income Tax Mon, 27 Aug 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177417