https://www.taxtmi.com/caselaws?id=118705 The Tribunal held that income disclosed in regular returns for the assessment year 1995-96, despite being assessed under section 143(3), could not be excluded from undisclosed income as returns were filed after the search. The Tribunal dismissed the appeals, affirming that income assessed post-search could not be reduced from undisclosed income of the block period. The appeals of the assessees were therefore dismissed, and the disclosed income was rightfully subjected to assessment under section 158BD read with section 158BC of the I.T. Act, 1961. en-us Mon, 24 Oct 2005 00:00:00 +0530 Thu, 05 Jul 2012 11:56:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118705 The Tribunal held that income disclosed in regular returns for the assessment year 1995-96, despite being assessed under section 143(3), could not be excluded from undisclosed income as returns were filed after the search. The Tribunal dismissed the appeals, affirming that income assessed post-search could not be reduced from undisclosed income of the block period. The appeals of the assessees were therefore dismissed, and the disclosed income was rightfully subjected to assessment under section 158BD read with section 158BC of the I.T. Act, 1961. Case-Laws Income Tax Mon, 24 Oct 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118705