https://www.taxtmi.com/caselaws?id=185582 In block assessment proceedings, additions must be anchored in seized material or evidence directly relatable to the search record; where the basis is unclear or not properly traced to seized documents, the matter requires fresh examination and may be restored to the Assessing Officer. Post-search bank materials alone could not support an undisclosed income addition for shop sale receipts, so that relief was upheld. By contrast, on-money receipt for commercial space was sustained because seized papers, survey material and a sworn statement formed a corroborative chain. For the 41.75 cents land transaction, the appellate reduction was maintained because the Revenue did not justify interference. en-us Fri, 23 Mar 2012 00:00:00 +0530 Sat, 20 Aug 2016 12:09:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185582 In block assessment proceedings, additions must be anchored in seized material or evidence directly relatable to the search record; where the basis is unclear or not properly traced to seized documents, the matter requires fresh examination and may be restored to the Assessing Officer. Post-search bank materials alone could not support an undisclosed income addition for shop sale receipts, so that relief was upheld. By contrast, on-money receipt for commercial space was sustained because seized papers, survey material and a sworn statement formed a corroborative chain. For the 41.75 cents land transaction, the appellate reduction was maintained because the Revenue did not justify interference. Case-Laws Income Tax Fri, 23 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185582