https://www.taxtmi.com/caselaws?id=214281 The Tribunal partially upheld the Assessing Officer's decision to treat the entire income for the block assessment year as undisclosed income. However, the court ruled in favor of the appellant, emphasizing that the timely payment of advance tax indicated an intent to declare income for taxation rather than conceal it. The absence of a search at the assessee's premises and the regular advance tax payments were crucial factors in determining that the income should not be considered undisclosed. The court referenced relevant case law to support this interpretation. en-us Mon, 05 Apr 2010 00:00:00 +0530 Tue, 26 Jun 2012 08:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214281 The Tribunal partially upheld the Assessing Officer's decision to treat the entire income for the block assessment year as undisclosed income. However, the court ruled in favor of the appellant, emphasizing that the timely payment of advance tax indicated an intent to declare income for taxation rather than conceal it. The absence of a search at the assessee's premises and the regular advance tax payments were crucial factors in determining that the income should not be considered undisclosed. The court referenced relevant case law to support this interpretation. Case-Laws Income Tax Mon, 05 Apr 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214281