https://www.taxtmi.com/caselaws?id=244207 The High Court held that the second proviso to Section 158BC is mandatory, requiring any undisclosed income revealed after filing the return to be treated as concealed income, thus attracting penalties under Section 158BFA. The Court set aside the previous decisions and remitted the matter for fresh consideration, emphasizing the strict application of statutory provisions despite the assessee's claims regarding non-supply of documents and intention in disclosing additional income. en-us Fri, 14 Feb 2014 00:00:00 +0530 Fri, 05 Aug 2022 18:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244207 The High Court held that the second proviso to Section 158BC is mandatory, requiring any undisclosed income revealed after filing the return to be treated as concealed income, thus attracting penalties under Section 158BFA. The Court set aside the previous decisions and remitted the matter for fresh consideration, emphasizing the strict application of statutory provisions despite the assessee's claims regarding non-supply of documents and intention in disclosing additional income. Case-Laws Income Tax Fri, 14 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244207