https://www.taxtmi.com/caselaws?id=189370 In block assessments, explained funds and verified receipts available during the block period may be telescoped against additions for unexplained investments or expenditure, even without a strict one-to-one nexus, if the availability of funds is established. Additions based only on xerox copies, rough slips, or an uncorroborated search admission are not justified where the seized material does not establish the assessee's investment or ownership. Relief was recognised for explained items such as HUF withdrawals, refunded advances, gold, shop investment, and certain land or marriage-related transactions, while unproved balances and unsupported claims remained liable to addition. en-us Tue, 17 Feb 2004 00:00:00 +0530 Fri, 06 Jan 2017 17:50:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189370 In block assessments, explained funds and verified receipts available during the block period may be telescoped against additions for unexplained investments or expenditure, even without a strict one-to-one nexus, if the availability of funds is established. Additions based only on xerox copies, rough slips, or an uncorroborated search admission are not justified where the seized material does not establish the assessee's investment or ownership. Relief was recognised for explained items such as HUF withdrawals, refunded advances, gold, shop investment, and certain land or marriage-related transactions, while unproved balances and unsupported claims remained liable to addition. Case-Laws Income Tax Tue, 17 Feb 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189370