https://www.taxtmi.com/caselaws?id=239879 The High Court of Kerala upheld the benefit granted to the appellant assessee by the Settlement Commission, emphasizing the importance of considering losses brought forward within the block period while determining undisclosed income. The Court's analysis of Section 158BB(4) and Explanation (a) supported the inclusion of such losses in the assessment process, leading to the dismissal of the department's appeal and the allowance of the party assessee's appeal. en-us Fri, 25 Oct 2013 00:00:00 +0530 Sat, 23 Nov 2013 14:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239879 The High Court of Kerala upheld the benefit granted to the appellant assessee by the Settlement Commission, emphasizing the importance of considering losses brought forward within the block period while determining undisclosed income. The Court's analysis of Section 158BB(4) and Explanation (a) supported the inclusion of such losses in the assessment process, leading to the dismissal of the department's appeal and the allowance of the party assessee's appeal. Case-Laws Income Tax Fri, 25 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239879