https://www.taxtmi.com/caselaws?id=347723 Only statements recorded on oath by the authorised officer during the course of a search have evidentiary value under section 132(4); a post-search letter does not qualify and could not be used against the assessee. Block assessment under Chapter XIV-B can be based only on undisclosed income found from material discovered in the search, so a later declaration under the Voluntary Disclosure of Income Scheme, 1997, unconnected with search material, could not support an addition. The Tribunal's finding that the assessee explained the source of purchases and initial capital was a factual determination not shown to be perverse, and there was no basis to interfere. en-us Tue, 18 Jul 2017 00:00:00 +0530 Wed, 19 Sep 2018 15:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347723 Only statements recorded on oath by the authorised officer during the course of a search have evidentiary value under section 132(4); a post-search letter does not qualify and could not be used against the assessee. Block assessment under Chapter XIV-B can be based only on undisclosed income found from material discovered in the search, so a later declaration under the Voluntary Disclosure of Income Scheme, 1997, unconnected with search material, could not support an addition. The Tribunal's finding that the assessee explained the source of purchases and initial capital was a factual determination not shown to be perverse, and there was no basis to interfere. Case-Laws Income Tax Tue, 18 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347723