https://www.taxtmi.com/caselaws?id=202709 The High Court allowed the Revenue's appeal, setting aside the Tribunal's directions on the set-off of excess income in a block assessment year. It was held that undisclosed income determined by the Assessing Officer cannot be less than voluntarily declared, thus precluding set-off when the determined undisclosed income exceeds the declared amount. The Court found the Tribunal's findings on set-off erroneous and ruled in favor of the Revenue. en-us Tue, 24 Aug 2010 00:00:00 +0530 Mon, 24 Dec 2012 17:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=202709 The High Court allowed the Revenue's appeal, setting aside the Tribunal's directions on the set-off of excess income in a block assessment year. It was held that undisclosed income determined by the Assessing Officer cannot be less than voluntarily declared, thus precluding set-off when the determined undisclosed income exceeds the declared amount. The Court found the Tribunal's findings on set-off erroneous and ruled in favor of the Revenue. Case-Laws Income Tax Tue, 24 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=202709