Held that addition cannot be in block assessment solely on the basis of the statement recorded during search. Such a statement cannot be treated as incriminating material found during search. Only on the basis of dumb document and mere statement recorded during search cannot be treated as incriminating document for making addition in a search case. Relied, CIT v. Mantri Share Brokers P. Ltd. [2018 405 ITR 24 (SC)(St) AY.2021-22)
Jagbir Singh Nehra v. Dy. CIT (2024)116 ITR 60 (SN)(Chd)(Trib)
S. 143(3) : Assessment-Search-Statement in the course off search-Purchase of property-No incriminating material was fund-Dumb document-Addition is deleted. [S. 132, 158BC]