https://www.taxtmi.com/caselaws?id=337434 In block assessment proceedings, unaccounted purchases, excess stock, and seized records can support additions where the assessee fails to produce timely and reliable evidence to explain source, valuation, or reconciliation. The Delhi High Court noted that unexplained raw-material investment and related profit could not be deleted when search material showed off-book purchases and sales, and later invoices were treated as an afterthought. It also upheld the addition for excess stock because the assessee's private valuation was belated and unverified. Finally, it sustained the addition based on a director's statement and seized documents, which corroborated the profit workings and quantities. en-us Thu, 20 Oct 2016 00:00:00 +0530 Mon, 08 Jun 2026 11:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337434 In block assessment proceedings, unaccounted purchases, excess stock, and seized records can support additions where the assessee fails to produce timely and reliable evidence to explain source, valuation, or reconciliation. The Delhi High Court noted that unexplained raw-material investment and related profit could not be deleted when search material showed off-book purchases and sales, and later invoices were treated as an afterthought. It also upheld the addition for excess stock because the assessee's private valuation was belated and unverified. Finally, it sustained the addition based on a director's statement and seized documents, which corroborated the profit workings and quantities. Case-Laws Income Tax Thu, 20 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337434