https://www.taxtmi.com/caselaws?id=213886 The High Court upheld the Tribunal's decision to estimate undisclosed income based on the assessee's admission and rejected the cross-appeal. The Court found no irregularity in the estimation method, which was supported by material found during the search. It was held that the block assessment period concerns only undisclosed income, not regular income or future disclosures. The appeal was dismissed, and the revenue's position was favored over the assessee's arguments. en-us Wed, 28 Mar 2012 00:00:00 +0530 Fri, 17 Aug 2012 16:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213886 The High Court upheld the Tribunal's decision to estimate undisclosed income based on the assessee's admission and rejected the cross-appeal. The Court found no irregularity in the estimation method, which was supported by material found during the search. It was held that the block assessment period concerns only undisclosed income, not regular income or future disclosures. The appeal was dismissed, and the revenue's position was favored over the assessee's arguments. Case-Laws Income Tax Wed, 28 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213886