https://www.taxtmi.com/caselaws?id=220048 In block assessment under section 158BB(1), deductions otherwise allowable under Chapter VI-A remain available in computing undisclosed income, because the statutory scheme does not exclude them. Amounts already disclosed in the regular return and assessed under regular proceedings do not fall within the definition of undisclosed income under section 158B(b); accordingly, the retirement receipt of Rs. 1,50,500, having been reflected and assessed, was outside block assessment. The text states that these principles rendered the challenged additions unsustainable and that the Revenue's appeal failed. en-us Wed, 12 Dec 2012 00:00:00 +0530 Tue, 08 Jan 2013 09:15:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220048 In block assessment under section 158BB(1), deductions otherwise allowable under Chapter VI-A remain available in computing undisclosed income, because the statutory scheme does not exclude them. Amounts already disclosed in the regular return and assessed under regular proceedings do not fall within the definition of undisclosed income under section 158B(b); accordingly, the retirement receipt of Rs. 1,50,500, having been reflected and assessed, was outside block assessment. The text states that these principles rendered the challenged additions unsustainable and that the Revenue's appeal failed. Case-Laws Income Tax Wed, 12 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220048