https://www.taxtmi.com/caselaws?id=220438 The High Court dismissed the revenue's appeal, affirming the Tribunal's decision that the assessee was entitled to reduce the disclosed amount of Rs. 7 lacs from undisclosed income as per Section 158BB of the Income Tax Act, 1961. The judgment emphasized statutory interpretation and application of legal provisions in determining undisclosed income for the block period, supporting the assessee's position. en-us Wed, 07 Nov 2012 00:00:00 +0530 Thu, 24 Jan 2013 07:22:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220438 The High Court dismissed the revenue's appeal, affirming the Tribunal's decision that the assessee was entitled to reduce the disclosed amount of Rs. 7 lacs from undisclosed income as per Section 158BB of the Income Tax Act, 1961. The judgment emphasized statutory interpretation and application of legal provisions in determining undisclosed income for the block period, supporting the assessee's position. Case-Laws Income Tax Wed, 07 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220438