https://www.taxtmi.com/caselaws?id=193253 In block assessment under Chapter XIV-B, undisclosed income had to rest on evidence found as a result of search and material relatable to that evidence. Additions for alleged unexplained security deposits and inflated salary failed because they were based only on statements recorded during search and survey, without any incriminating document or seized material. The same reasoning applied to the salary addition: employee statements alone could not justify treating the amount as undisclosed income in the absence of corroborating search evidence. Both additions were therefore deleted. en-us Fri, 28 Nov 2008 00:00:00 +0530 Thu, 20 Jul 2017 18:01:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193253 In block assessment under Chapter XIV-B, undisclosed income had to rest on evidence found as a result of search and material relatable to that evidence. Additions for alleged unexplained security deposits and inflated salary failed because they were based only on statements recorded during search and survey, without any incriminating document or seized material. The same reasoning applied to the salary addition: employee statements alone could not justify treating the amount as undisclosed income in the absence of corroborating search evidence. Both additions were therefore deleted. Case-Laws Income Tax Fri, 28 Nov 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193253