https://www.taxtmi.com/caselaws?id=327746 The High Court allowed the appeal, overturning the decisions of the CIT (Appeals) and the Tribunal. It held that the Assessing Officer was justified in considering the notebook KPS-5 and Bank Passbook for the block assessment. The deletion of the addition of Rs. 1,59,40,263/- by the Tribunal was deemed legally unsustainable. The Court emphasized that the documents were under the control of the assessee and had been relied upon by the assessee in his block return, thus supporting their admissibility in the assessment process. en-us Thu, 28 Apr 2016 00:00:00 +0530 Fri, 03 Feb 2017 18:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327746 The High Court allowed the appeal, overturning the decisions of the CIT (Appeals) and the Tribunal. It held that the Assessing Officer was justified in considering the notebook KPS-5 and Bank Passbook for the block assessment. The deletion of the addition of Rs. 1,59,40,263/- by the Tribunal was deemed legally unsustainable. The Court emphasized that the documents were under the control of the assessee and had been relied upon by the assessee in his block return, thus supporting their admissibility in the assessment process. Case-Laws Income Tax Thu, 28 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327746