https://www.taxtmi.com/caselaws?id=76460 The court upheld the decisions of the Commissioner of Income-tax (Appeals) and the Appellate Tribunal, dismissing the appeal by the Revenue. The dispute centered on the interpretation of section 158BB(1)(c) of the Income-tax Act, 1961, specifically regarding the cancellation of assessment under Chapter XIV-B despite the Assessing Officer's computation of income as undisclosed based on a post-search return. The court clarified the treatment of disclosed income for block assessment purposes and affirmed the applicability of Division Bench judgments, particularly emphasizing that income disclosed through advance tax payments cannot be deemed undisclosed income for block assessment. en-us Tue, 05 Jan 2010 00:00:00 +0530 Fri, 25 Jun 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=76460 The court upheld the decisions of the Commissioner of Income-tax (Appeals) and the Appellate Tribunal, dismissing the appeal by the Revenue. The dispute centered on the interpretation of section 158BB(1)(c) of the Income-tax Act, 1961, specifically regarding the cancellation of assessment under Chapter XIV-B despite the Assessing Officer's computation of income as undisclosed based on a post-search return. The court clarified the treatment of disclosed income for block assessment purposes and affirmed the applicability of Division Bench judgments, particularly emphasizing that income disclosed through advance tax payments cannot be deemed undisclosed income for block assessment. Case-Laws Income Tax Tue, 05 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=76460