https://www.taxtmi.com/caselaws?id=189254 In block assessment, additions for alleged undisclosed investment in industrial plots were deleted because they rested only on post-search valuation reports and not on material found during the search. Stock valuation and excess stock issues were treated as factual matters requiring fresh examination, including consequential opening stock relief where relevant. Small alleged outside-sales addition was reduced, while several additions based on seized documents for unexplained expenditure, advances and cash payments were sustained where no satisfactory explanation existed. Other document-based items and the surcharge question were remanded for reconsideration in accordance with law. en-us Fri, 23 May 2003 00:00:00 +0530 Tue, 03 Jan 2017 14:30:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189254 In block assessment, additions for alleged undisclosed investment in industrial plots were deleted because they rested only on post-search valuation reports and not on material found during the search. Stock valuation and excess stock issues were treated as factual matters requiring fresh examination, including consequential opening stock relief where relevant. Small alleged outside-sales addition was reduced, while several additions based on seized documents for unexplained expenditure, advances and cash payments were sustained where no satisfactory explanation existed. Other document-based items and the surcharge question were remanded for reconsideration in accordance with law. Case-Laws Income Tax Fri, 23 May 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189254