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2013 (6) TMI 16 - HC - Income TaxBlock assessment - Suppression of receipts and inflation of expenses - search conducted - Tribunal deleted the two additions - assessee is a practicing medical doctor having different sources of income such as income from agricultural activities, medical profession and pathology etc. - Held that:- A search was conducted at the residential premises of the assessee and survey was conducted at the business premisses. During the search, no cash, bullion, Jewellery or any material including the investment were found, which can be considered as undisclosed income. The additions were made on estimate basis after seizing the register from the business premises of the assessee. Regarding the addition pertaining to the Blood Bank, it appears that the same was made on estimate basis. No document, register or material was found except the registers mentioned herein above. The A.O. has estimated the profit and made the addition without rejecting the books of accounts. Hence, in this regard, there is no reason to interfere in the impugned order passed by the Tribunal. The same is confirmed. Regarding the Charak X-Ray, it appears that the same was lease out and the assessee was showing the income in its return since 16.04.1993 which was accepted by the Department. So, no double addition can be made out. Therefore, in this regard also, there is no reason to interfere with the impugned order. The impugned order is hereby sustained. Considering the case of CIT vs. S. Ajit Kumar (2006 (11) TMI 130 - MADRAS HIGH COURT) clearly indicates that the sentence "such other materials or information as are available with the Assessing Officer & quot, cannot be bisected or taken in isolation for the purpose of computation. Any other material cannot form basis for computation of undisclosed income of the block period. Hence, Commissioner as well as the Tribunal have the issue in accordance with the statutory provisions, and requires no interference. The appeal is accordingly dismissed. Also see CIT vs. R. M. L. Mehrotra (2009 (9) TMI 3 - ALLAHABAD HIGH COURT). In favour of assessee.
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