https://www.taxtmi.com/caselaws?id=378478 In block assessment proceedings, additions based only on presumed non-filing of returns, an unverified recurring deposit, and incomplete seized pro-notes could not be sustained because the Revenue failed to establish the foundational facts or produce corroborative evidence; those additions were deleted. By contrast, the addition relating to the alleged unexplained advance to M/s. BMB Productions was sustained because the assessee produced no material to displace the Revenue's finding that excess money had been returned. The appeal was thus partly allowed. en-us Tue, 02 Apr 2019 00:00:00 +0530 Tue, 16 Apr 2019 19:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378478 In block assessment proceedings, additions based only on presumed non-filing of returns, an unverified recurring deposit, and incomplete seized pro-notes could not be sustained because the Revenue failed to establish the foundational facts or produce corroborative evidence; those additions were deleted. By contrast, the addition relating to the alleged unexplained advance to M/s. BMB Productions was sustained because the assessee produced no material to displace the Revenue's finding that excess money had been returned. The appeal was thus partly allowed. Case-Laws Income Tax Tue, 02 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378478