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of <h1>High Court clarifies undisclosed income computation under Income Tax Act</h1> <h3>The Commissioner of Income Tax (Central) Versus M/s. Hyderabad House Pvt., Ltd.</h3> The High Court of Andhra Pradesh dismissed an appeal regarding the computation of undisclosed income under sections 153A/153C of the Income Tax Act. The ... Computation of undisclosed income u/s. 153A/153C - whether confined only to the material found during the course of search proceedings? - Held that:- In our opinion, the aforesaid question is very vague, as the undisclosed income shall be computed always on the basis of the material, which is found during the course of search. No material, which was disclosed at the time of regular assessment or block assessment period, can be relied on to arrive at the undisclosed income. The High Court of Andhra Pradesh dismissed an appeal regarding the computation of undisclosed income under sections 153A/153C of the Income Tax Act. The Court held that undisclosed income should only be based on material found during search proceedings, not on material disclosed during regular assessment. The appeal was dismissed as there was no illegality in the Tribunal's judgment.
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