2006 (1) TMI 87 - MADRAS HIGH COURT

Block assessment under section 158BB - Search under section 133A - undisclosed income for making contributions to certain unregistered chits – Revenue by filing the appeal before this court contended that the material gathered in the course of section 133A survey can also be regarded as a material for the purpose of block assessment under section 158BB. - A mere reading of section 158BB clearly indicates that the sentence "such other materials or information as are available with the Assessing Officer" cannot be bisected or taken in isolation for the purpose of computation. Such other materials or information as are available with the Assessing Officer, should as per the section relatable to such evidence. The word "such" used as a prefix to the word "evidence" assumes much significance, in this provision, as it indicates only the evidence found, as a result of search or requisition of books of account or other documents, at the time of search. Any other material cannot form basis for computation of undisclosed income of the block period. – Revenue appeal dismissed