https://www.taxtmi.com/caselaws?id=9625 In block assessment under Chapter XIV-B, additions cannot be made as undisclosed income unless incriminating material is found during search. Where the assessee had disclosed the gifts in the return and no seized material showed the gifts to be bogus, a post-search inquiry could not replace the statutory basis required for search assessment. The proper remedy, if warranted, lay in regular reassessment proceedings rather than block assessment. On these facts, the addition under block assessment was unsustainable and the Revenue's challenge failed. en-us Thu, 05 May 2005 00:00:00 +0530 Sun, 28 Jun 2009 10:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9625 In block assessment under Chapter XIV-B, additions cannot be made as undisclosed income unless incriminating material is found during search. Where the assessee had disclosed the gifts in the return and no seized material showed the gifts to be bogus, a post-search inquiry could not replace the statutory basis required for search assessment. The proper remedy, if warranted, lay in regular reassessment proceedings rather than block assessment. On these facts, the addition under block assessment was unsustainable and the Revenue's challenge failed. Case-Laws Income Tax Thu, 05 May 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9625