https://www.taxtmi.com/caselaws?id=71559 The dominant issue was whether income voluntarily declared for a year within the block period could be assessed as "undisclosed income" in a block assessment under Chapter XIV-B. The Tribunal held that s.158BA, a non obstante charging provision, permits assessment only of "undisclosed income" as defined in s.158B; if an item does not fall within s.158B, it cannot be taxed under s.158BA even if it could be computed under s.158BB(c). Income from regular, known business sources, absent incriminating material, could not be treated as income the assessee "would not have disclosed," particularly where filing a valid belated return was legally permissible under s.139(4). Accordingly, the amount for the relevant year was directed to be excluded and the appeal was allowed. en-us Tue, 14 Sep 1999 00:00:00 +0530 Thu, 01 Jan 2026 13:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71559 The dominant issue was whether income voluntarily declared for a year within the block period could be assessed as "undisclosed income" in a block assessment under Chapter XIV-B. The Tribunal held that s.158BA, a non obstante charging provision, permits assessment only of "undisclosed income" as defined in s.158B; if an item does not fall within s.158B, it cannot be taxed under s.158BA even if it could be computed under s.158BB(c). Income from regular, known business sources, absent incriminating material, could not be treated as income the assessee "would not have disclosed," particularly where filing a valid belated return was legally permissible under s.139(4). Accordingly, the amount for the relevant year was directed to be excluded and the appeal was allowed. Case-Laws Income Tax Tue, 14 Sep 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71559