https://www.taxtmi.com/caselaws?id=14486 In block assessment under Chapter XIV-B, undisclosed income may be estimated where exact computation is not possible, but the estimate must rest on relevant material and a rational basis. A mechanical projection of a post-1993 income rate across the entire block period was found unjustified because the assessee's income and refund pattern had changed over time and the effect of the Gulf War was not considered. The additions were deleted, and the assessee's position was upheld. en-us Mon, 13 Mar 2000 00:00:00 +0530 Wed, 08 Oct 2025 11:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14486 In block assessment under Chapter XIV-B, undisclosed income may be estimated where exact computation is not possible, but the estimate must rest on relevant material and a rational basis. A mechanical projection of a post-1993 income rate across the entire block period was found unjustified because the assessee's income and refund pattern had changed over time and the effect of the Gulf War was not considered. The additions were deleted, and the assessee's position was upheld. Case-Laws Income Tax Mon, 13 Mar 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14486