https://www.taxtmi.com/caselaws?id=9497 The High Court upheld the Tribunal's decision in a case involving block assessment under section 158BC, ruling that assessments should rely on material seized during search unless new evidence of false claims emerges. The Court affirmed the deletion of additions for undisclosed household expenditure, suppression of net profit, unexplained fixed deposits, and cash found during search due to lack of substantial evidence and arbitrary estimation methods. The Revenue's appeal was dismissed. en-us Tue, 29 Mar 2005 00:00:00 +0530 Tue, 23 Jun 2009 12:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9497 The High Court upheld the Tribunal's decision in a case involving block assessment under section 158BC, ruling that assessments should rely on material seized during search unless new evidence of false claims emerges. The Court affirmed the deletion of additions for undisclosed household expenditure, suppression of net profit, unexplained fixed deposits, and cash found during search due to lack of substantial evidence and arbitrary estimation methods. The Revenue's appeal was dismissed. Case-Laws Income Tax Tue, 29 Mar 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9497