https://www.taxtmi.com/caselaws?id=55576 In block assessment, only income established as undisclosed as a result of search can be taxed, so returned income for the relevant years had to be excluded from the block computation and was left to regular assessment. Cash found during search was not fully unexplained: the explanation for part of the cash was rejected, but the locker cash and the wife's savings were accepted, so the addition was confined to the amount reasonably supported by the record. Alleged unexplained household expenditure under section 69C was also not accepted in full; the estimate was reduced to a limited addition on the basis of family circumstances, living standard and educational expenses. en-us Mon, 27 Dec 1999 00:00:00 +0530 Sat, 27 Nov 2010 17:53:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55576 In block assessment, only income established as undisclosed as a result of search can be taxed, so returned income for the relevant years had to be excluded from the block computation and was left to regular assessment. Cash found during search was not fully unexplained: the explanation for part of the cash was rejected, but the locker cash and the wife's savings were accepted, so the addition was confined to the amount reasonably supported by the record. Alleged unexplained household expenditure under section 69C was also not accepted in full; the estimate was reduced to a limited addition on the basis of family circumstances, living standard and educational expenses. Case-Laws Income Tax Mon, 27 Dec 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55576