Interest on Principal Not Undisclosed Income in Block Assessment Under Income Tax Section 158BA; Taxpayer Complied with Filing and Payment.

Interest on Principal Not Undisclosed Income in Block Assessment Under Income Tax Section 158BA; Taxpayer Complied with Filing and Payment. https://www.taxtmi.com/highlights?id=13829 Income u/s 158BA - Block assessment - If the principal amount is not considered as undisclosed income, the interest accrued thereon cannot be construed as undisclosed income and in the returns filed by the assessee, that income is also shown and tax is paid - HC en-us Sat, 10 Aug 2013 12:10:33 +0530 Sat, 10 Aug 2013 12:10:33 +0530 TaxTMI RSS Generator Interest on Principal Not Undisclosed Income in Block Assessment Under Income Tax Section 158BA; Taxpayer Complied with Filing and Payment. https://www.taxtmi.com/highlights?id=13829 Income u/s 158BA - Block assessment - If the principal amount is not considered as undisclosed income, the interest accrued thereon cannot be construed as undisclosed income and in the returns filed by the assessee, that income is also shown and tax is paid - HC Highlights Income Tax Sat, 10 Aug 2013 12:10:33 +0530 https://www.taxtmi.com/highlights?id=13829