https://www.taxtmi.com/caselaws?id=180391 ITAT (Mumbai, AT) partly allowed the taxpayer's appeal: several additions made in a search-and-seizure block assessment were deleted for lack of material evidence (including alleged on-money for a property, cash found at search, FDR investments, shooting expenses and household low-withdrawal adjustments), while other additions were upheld (hotel stay expenses, foreign-exchange purchases, artifacts) where search evidence was satisfactory. A disputed jewellery addition was remanded for verification. The tribunal directed the AO to exclude income already assessed under relevant sections when computing undisclosed income and reiterated that block assessments must rest on material found during search. en-us Mon, 31 May 1999 00:00:00 +0530 Wed, 05 Nov 2025 17:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180391 ITAT (Mumbai, AT) partly allowed the taxpayer's appeal: several additions made in a search-and-seizure block assessment were deleted for lack of material evidence (including alleged on-money for a property, cash found at search, FDR investments, shooting expenses and household low-withdrawal adjustments), while other additions were upheld (hotel stay expenses, foreign-exchange purchases, artifacts) where search evidence was satisfactory. A disputed jewellery addition was remanded for verification. The tribunal directed the AO to exclude income already assessed under relevant sections when computing undisclosed income and reiterated that block assessments must rest on material found during search. Case-Laws Income Tax Mon, 31 May 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180391