https://www.taxtmi.com/caselaws?id=57849 In block assessment proceedings, additions for cash found during search and alleged on-money payments in land transactions were deleted because the Department lacked material evidence linking the assessee to undisclosed income. The cash was explained through contemporaneous statements and balance sheets of the assessee's sons, while the on-money allegations rested on uncorroborated statements, seized papers that did not specifically implicate the assessee, and no effective opportunity of cross-examination. The governing principle applied was that undisclosed income cannot be sustained on suspicion, estimation, or untested statements; adverse material must be supported by corroboration and fair rebuttal. en-us Fri, 16 Jan 2004 00:00:00 +0530 Fri, 15 Jun 2012 12:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57849 In block assessment proceedings, additions for cash found during search and alleged on-money payments in land transactions were deleted because the Department lacked material evidence linking the assessee to undisclosed income. The cash was explained through contemporaneous statements and balance sheets of the assessee's sons, while the on-money allegations rested on uncorroborated statements, seized papers that did not specifically implicate the assessee, and no effective opportunity of cross-examination. The governing principle applied was that undisclosed income cannot be sustained on suspicion, estimation, or untested statements; adverse material must be supported by corroboration and fair rebuttal. Case-Laws Income Tax Fri, 16 Jan 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57849