https://www.taxtmi.com/caselaws?id=9594 In a block assessment under Chapter XIV-B, undisclosed income may be computed on the basis of evidence found during search and connected material available with the Assessing Officer. Here, the addition rested on search material, including the partner's statement and seized diaries showing unrecorded catering receipts, and the lower appellate authorities concurrently found that the books did not fully reflect catering income. Applying section 158BB of the Income-tax Act, 1961, the court found no reliance on extraneous material and no legal infirmity in the sustained addition. The challenge failed because the concurrent factual findings did not give rise to any substantial question of law. en-us Mon, 16 Jan 2006 00:00:00 +0530 Sat, 27 Jun 2009 17:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9594 In a block assessment under Chapter XIV-B, undisclosed income may be computed on the basis of evidence found during search and connected material available with the Assessing Officer. Here, the addition rested on search material, including the partner's statement and seized diaries showing unrecorded catering receipts, and the lower appellate authorities concurrently found that the books did not fully reflect catering income. Applying section 158BB of the Income-tax Act, 1961, the court found no reliance on extraneous material and no legal infirmity in the sustained addition. The challenge failed because the concurrent factual findings did not give rise to any substantial question of law. Case-Laws Income Tax Mon, 16 Jan 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9594