https://www.taxtmi.com/caselaws?id=205202 An addition concerning an alleged dummy concern was not confined to block assessment under Chapter XIV-B where the issue was only to identify the real owner or controller of a concern shown in another person's name. The Assessing Officer could lift the veil in regular assessment and assess the assessee as the real beneficiary, while also supporting reopening or protective assessment in the name of the apparent proprietor to safeguard revenue. The Tribunal erred in treating the matter as one arising only in block assessment, since block assessment is limited to undisclosed income unearthed in search, not to determining the true controller of entries recorded in regular books. en-us Fri, 03 Jun 2011 00:00:00 +0530 Fri, 04 Nov 2011 16:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=205202 An addition concerning an alleged dummy concern was not confined to block assessment under Chapter XIV-B where the issue was only to identify the real owner or controller of a concern shown in another person's name. The Assessing Officer could lift the veil in regular assessment and assess the assessee as the real beneficiary, while also supporting reopening or protective assessment in the name of the apparent proprietor to safeguard revenue. The Tribunal erred in treating the matter as one arising only in block assessment, since block assessment is limited to undisclosed income unearthed in search, not to determining the true controller of entries recorded in regular books. Case-Laws Income Tax Fri, 03 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=205202