https://www.taxtmi.com/caselaws?id=220769 Undisclosed income found in search was held assessable in the block period under Chapter XIV-B, which requires strict construction and does not permit exclusion merely because the previous year was still open or the regular return time had not expired. Exclusion under section 158BB(1)(d) was available only if the assessee produced normal-course books or other records showing entries relatable to the income or transactions before the search. As no such material was produced, the full amount was rightly brought to tax in block assessment and the Tribunal's contrary view was set aside. en-us Mon, 13 Sep 2010 00:00:00 +0530 Fri, 08 Feb 2013 06:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220769 Undisclosed income found in search was held assessable in the block period under Chapter XIV-B, which requires strict construction and does not permit exclusion merely because the previous year was still open or the regular return time had not expired. Exclusion under section 158BB(1)(d) was available only if the assessee produced normal-course books or other records showing entries relatable to the income or transactions before the search. As no such material was produced, the full amount was rightly brought to tax in block assessment and the Tribunal's contrary view was set aside. Case-Laws Income Tax Mon, 13 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220769