https://www.taxtmi.com/caselaws?id=32992 Income already disclosed in regular returns and supported by books of account cannot be brought to tax as undisclosed income in block assessment unless search material specifically establishes concealment. The Court also upheld deletion of additions based on loose papers and alleged higher cash consideration because the seized documents were incomplete, unreconciled and did not conclusively prove receipt or payment beyond the disclosed contractual rate. On both issues, the assessee succeeded and the Revenue failed, and the Tribunal's findings were left undisturbed. en-us Mon, 19 Jan 2009 00:00:00 +0530 Thu, 16 Apr 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=32992 Income already disclosed in regular returns and supported by books of account cannot be brought to tax as undisclosed income in block assessment unless search material specifically establishes concealment. The Court also upheld deletion of additions based on loose papers and alleged higher cash consideration because the seized documents were incomplete, unreconciled and did not conclusively prove receipt or payment beyond the disclosed contractual rate. On both issues, the assessee succeeded and the Revenue failed, and the Tribunal's findings were left undisturbed. Case-Laws Income Tax Mon, 19 Jan 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=32992