https://www.taxtmi.com/caselaws?id=251664 Under Chapter XIVB, share income from a partnership firm does not escape block assessment merely because it was disclosed in the firm's return; the disclosure obligation remains with the partner-assessee, so such income may still be treated as undisclosed in the partner's hands. By contrast, income exempt under section 10 and outside the computation of total income cannot fall within section 158B(b), because undisclosed income is limited to income required to be included in total income and chargeable to tax. On that basis, the block assessment based on exempt share income was unsustainable to that extent, and the appeal succeeded accordingly. en-us Tue, 10 Jun 2014 00:00:00 +0530 Tue, 23 Sep 2014 17:03:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251664 Under Chapter XIVB, share income from a partnership firm does not escape block assessment merely because it was disclosed in the firm's return; the disclosure obligation remains with the partner-assessee, so such income may still be treated as undisclosed in the partner's hands. By contrast, income exempt under section 10 and outside the computation of total income cannot fall within section 158B(b), because undisclosed income is limited to income required to be included in total income and chargeable to tax. On that basis, the block assessment based on exempt share income was unsustainable to that extent, and the appeal succeeded accordingly. Case-Laws Income Tax Tue, 10 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251664