https://www.taxtmi.com/caselaws?id=117134 ITAT held the appeals allowed, finding the AO erred in treating regular income shown in belated returns and amounts below the taxable limit as "undisclosed income." The Tribunal ruled block assessment under Chapter XIV-B applies only where incriminating material or seized/found evidence during search supports such assessment; absent such material, block provisions cannot be invoked and regular assessment route must be followed. Computation of undisclosed income under s.158BB must be grounded in evidence discovered in the search and related material; the AO's computation lacked that statutory foundation. en-us Mon, 27 Jan 2003 00:00:00 +0530 Thu, 30 Oct 2025 15:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=117134 ITAT held the appeals allowed, finding the AO erred in treating regular income shown in belated returns and amounts below the taxable limit as "undisclosed income." The Tribunal ruled block assessment under Chapter XIV-B applies only where incriminating material or seized/found evidence during search supports such assessment; absent such material, block provisions cannot be invoked and regular assessment route must be followed. Computation of undisclosed income under s.158BB must be grounded in evidence discovered in the search and related material; the AO's computation lacked that statutory foundation. Case-Laws Income Tax Mon, 27 Jan 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=117134