https://www.taxtmi.com/caselaws?id=70784 Block assessment under Chapter XIV-B is confined to income or transactions that are truly undisclosed and discovered as a result of search. Commission expenditure already recorded in the regular books and disclosed before the search could not be disallowed as undisclosed income merely because its deductibility under section 37(1) was questioned, so the addition was deleted. Likewise, a difference between profit shown in seized books and audited accounts, where both figures arose from regular book entries and accounting adjustments, could not be treated as undisclosed income under section 158BB, so that addition was also deleted. en-us Mon, 09 Aug 1999 00:00:00 +0530 Tue, 19 Apr 2011 12:14:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70784 Block assessment under Chapter XIV-B is confined to income or transactions that are truly undisclosed and discovered as a result of search. Commission expenditure already recorded in the regular books and disclosed before the search could not be disallowed as undisclosed income merely because its deductibility under section 37(1) was questioned, so the addition was deleted. Likewise, a difference between profit shown in seized books and audited accounts, where both figures arose from regular book entries and accounting adjustments, could not be treated as undisclosed income under section 158BB, so that addition was also deleted. Case-Laws Income Tax Mon, 09 Aug 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70784