https://www.taxtmi.com/caselaws?id=55018 An unreliable search inventory based on round figures and estimated damaged goods could not, on these facts, justify an addition for alleged unrecorded sales; the stock difference was not conclusive evidence of suppressed sales and the addition was deleted. For block assessment, undisclosed income had to be computed under the governing provision as amended, and the retrospective substitution of "this Act" in the Explanation to section 158BB(1) allowed Chapter VI-A deductions while working out block income. The assessee succeeded on both issues, though only partial relief resulted overall. en-us Thu, 18 Sep 2003 00:00:00 +0530 Mon, 18 Jun 2012 13:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55018 An unreliable search inventory based on round figures and estimated damaged goods could not, on these facts, justify an addition for alleged unrecorded sales; the stock difference was not conclusive evidence of suppressed sales and the addition was deleted. For block assessment, undisclosed income had to be computed under the governing provision as amended, and the retrospective substitution of "this Act" in the Explanation to section 158BB(1) allowed Chapter VI-A deductions while working out block income. The assessee succeeded on both issues, though only partial relief resulted overall. Case-Laws Income Tax Thu, 18 Sep 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55018