https://www.taxtmi.com/caselaws?id=57853 A block assessment under Chapter XIV-B cannot rest on suspicion or presumed undisclosed sales; it must be founded on tangible incriminating material found during search. Here, no adverse seized material, supporting statement, or independent evidence established deficit stock or concealed income, and the regular books and physical inventory did not justify the addition. The assessed addition was therefore unsustainable and deleted in favour of the assessee. en-us Thu, 29 Aug 2002 00:00:00 +0530 Thu, 21 Jun 2012 13:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57853 A block assessment under Chapter XIV-B cannot rest on suspicion or presumed undisclosed sales; it must be founded on tangible incriminating material found during search. Here, no adverse seized material, supporting statement, or independent evidence established deficit stock or concealed income, and the regular books and physical inventory did not justify the addition. The assessed addition was therefore unsustainable and deleted in favour of the assessee. Case-Laws Income Tax Thu, 29 Aug 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57853