If no incriminating material seized during search, addition in block assessment not justified

HIGH COURT OF MADRAS Commissioner of Income-tax, Chennai Versus P.R. Perumal TAX CASE (APPEAL) NO. 104 OF 2006 AUGUST 27, 2012 JUDGMENT Mrs.ChitraVenkataraman, J. The Revenue is on appeal as against the order of the Tribunal in respect of the block assessment period 1986-87 to 1996-97. 2. It is seen from the records placed before this Court that there was a search in the assessee’s business premises on 10.09.1996. Based on the materials gathered, the assessment was completed on 30.09.1997. The said assessment was the subject matter of appeal before the Income Tax Appella...