https://www.taxtmi.com/caselaws?id=70837 The Tribunal set aside the addition of income as undisclosed under s. 158BC(c) of the IT Act for the assessment year 1989-90. It ruled in favor of the assessee, determining that the income was not undisclosed due to the search operation, as the Revenue was aware of it before the search occurred. The Tribunal emphasized that s. 158BB requires determining undisclosed income before computation, and in this case, the income was known to the Revenue through advance tax payments made before the search operation. en-us Mon, 31 Aug 1998 00:00:00 +0530 Tue, 19 Apr 2011 15:35:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70837 The Tribunal set aside the addition of income as undisclosed under s. 158BC(c) of the IT Act for the assessment year 1989-90. It ruled in favor of the assessee, determining that the income was not undisclosed due to the search operation, as the Revenue was aware of it before the search occurred. The Tribunal emphasized that s. 158BB requires determining undisclosed income before computation, and in this case, the income was known to the Revenue through advance tax payments made before the search operation. Case-Laws Income Tax Mon, 31 Aug 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70837