https://www.taxtmi.com/highlights?id=14107 Undisclosed Capital gain - Scope of block assessment proceedings - AO is concerned only with undisclosed income and he has no power to consider material and evidence not detected as a result of some external information or a survey or some other source other than a search - if it is found that some income had escaped assessment, then it is open for the AO to resort to a regular assessment including re-opening a completed assessment but he cannot drag these items into the block assessment proceedings envisaged under Chapter XIV-B of the Act - HC en-us Mon, 26 Aug 2013 14:19:50 +0530 Mon, 26 Aug 2013 14:19:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=14107 Undisclosed Capital gain - Scope of block assessment proceedings - AO is concerned only with undisclosed income and he has no power to consider material and evidence not detected as a result of some external information or a survey or some other source other than a search - if it is found that some income had escaped assessment, then it is open for the AO to resort to a regular assessment including re-opening a completed assessment but he cannot drag these items into the block assessment proceedings envisaged under Chapter XIV-B of the Act - HC Highlights Income Tax Mon, 26 Aug 2013 14:19:50 +0530 https://www.taxtmi.com/highlights?id=14107