https://www.taxtmi.com/caselaws?id=234364 The High Court admitted the appeal filed by Revenue against the Tribunal's order regarding the assessment of undisclosed income for the block period F.Y. 1986-87 to 1996-97. The Tribunal's decision to delete certain additions made by the Assessing Officer was upheld, emphasizing the importance of assessing undisclosed income based on material found during search proceedings. The Court clarified the differences between regular assessment under Section 143(3) and block assessment under Chapter XIV-B, affirming the Tribunal's application of legal principles and dismissing the Revenue's appeal. en-us Mon, 13 May 2013 00:00:00 +0530 Sat, 08 Jun 2013 11:15:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234364 The High Court admitted the appeal filed by Revenue against the Tribunal's order regarding the assessment of undisclosed income for the block period F.Y. 1986-87 to 1996-97. The Tribunal's decision to delete certain additions made by the Assessing Officer was upheld, emphasizing the importance of assessing undisclosed income based on material found during search proceedings. The Court clarified the differences between regular assessment under Section 143(3) and block assessment under Chapter XIV-B, affirming the Tribunal's application of legal principles and dismissing the Revenue's appeal. Case-Laws Income Tax Mon, 13 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234364