https://www.taxtmi.com/caselaws?id=57847 In block assessment, undisclosed income must be supported by incriminating search material within Chapter XIV-B; a sale deed recital and stamp duty valuation, without corroborative evidence of extra consideration, were insufficient to sustain an addition for property purchase. An unexplained investment addition in construction could not be fastened on a person who was not shown to be the property owner, even where a search statement existed; the proper course was to examine the matter in the owner's hands. Both additions were deleted, with relief granted to the assessees. en-us Mon, 30 Jun 2003 00:00:00 +0530 Mon, 13 Dec 2010 19:14:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57847 In block assessment, undisclosed income must be supported by incriminating search material within Chapter XIV-B; a sale deed recital and stamp duty valuation, without corroborative evidence of extra consideration, were insufficient to sustain an addition for property purchase. An unexplained investment addition in construction could not be fastened on a person who was not shown to be the property owner, even where a search statement existed; the proper course was to examine the matter in the owner's hands. Both additions were deleted, with relief granted to the assessees. Case-Laws Income Tax Mon, 30 Jun 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57847