https://www.taxtmi.com/caselaws?id=283935 In block assessment, additions were sustained only where seized material or proved expenditure supported the item, while estimates and unsupported assumptions were deleted. Marriage expenses and unexplained gifts were upheld to the extent diary entries and invoices showed actual outgoings or lack of donor proof, but unsupported estimates were curtailed. Household expenditure was deleted for want of search evidence, though a specific cash payment evidenced in seized papers was sustained under section 69C. Alleged interest income was remitted for verification against income already assessed in the AOP's hands, and jewellery addition was sent back for recomputation by applying family-wise credit under the search guidelines. en-us Fri, 19 Sep 2014 00:00:00 +0530 Tue, 22 Oct 2019 07:31:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283935 In block assessment, additions were sustained only where seized material or proved expenditure supported the item, while estimates and unsupported assumptions were deleted. Marriage expenses and unexplained gifts were upheld to the extent diary entries and invoices showed actual outgoings or lack of donor proof, but unsupported estimates were curtailed. Household expenditure was deleted for want of search evidence, though a specific cash payment evidenced in seized papers was sustained under section 69C. Alleged interest income was remitted for verification against income already assessed in the AOP's hands, and jewellery addition was sent back for recomputation by applying family-wise credit under the search guidelines. Case-Laws Income Tax Fri, 19 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283935