In Brief
The Income Tax Department searched the assessee's premises in 2002 and simultaneously surveyed the builder's premises, revealing undisclosed cash payments of Rs 95.16 lakhs. The Assessing Officer added this as undisclosed income under block assessment. The High Court had set aside this addition, holding that survey evidence at a third party's premises could not be used in the assessee's block assessment. The Supreme Court reversed this, holding that material found in surveys simultaneously conducted at connected persons' premises during a search can be used in block assessment as it falls within "other materials available with the Assessing Officer and relatable to such evidence" under Section 158BB of the Income Tax Act, 1961.
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