https://www.taxtmi.com/caselaws?id=202451 The Court held that the Tribunal erred in deleting the addition of Rs. 8,67,010 as undisclosed income for the assessment year 1999-2000. The shares generating the capital gain were not disclosed before the search, leading to the reinstatement of the addition. Filing a return after the due date does not exempt assessment under Chapter XIV-B. Advance tax payment or explicit acts of disclosure are required to prevent income classification as undisclosed. Provisional balance sheets found during the search do not constitute disclosure. The Court ruled in favor of the Revenue, reinstating the undisclosed income addition. en-us Mon, 29 Nov 2010 00:00:00 +0530 Mon, 01 Feb 2016 10:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=202451 The Court held that the Tribunal erred in deleting the addition of Rs. 8,67,010 as undisclosed income for the assessment year 1999-2000. The shares generating the capital gain were not disclosed before the search, leading to the reinstatement of the addition. Filing a return after the due date does not exempt assessment under Chapter XIV-B. Advance tax payment or explicit acts of disclosure are required to prevent income classification as undisclosed. Provisional balance sheets found during the search do not constitute disclosure. The Court ruled in favor of the Revenue, reinstating the undisclosed income addition. Case-Laws Income Tax Mon, 29 Nov 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=202451