https://www.taxtmi.com/caselaws?id=251760 In a block assessment under Chapter XIV-B, Section 158BB governs computation of undisclosed income, while Section 158BH applies the Act's other provisions unless excluded. The bar on set-off under Section 158BB(4) applies only to losses brought forward from earlier years or unabsorbed depreciation carried beyond the block period. Losses and depreciation attributable to the block period itself are not excluded merely because the assessment is made in block proceedings and remain available for computation under the Act. en-us Wed, 27 Aug 2014 00:00:00 +0530 Thu, 19 Feb 2015 12:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251760 In a block assessment under Chapter XIV-B, Section 158BB governs computation of undisclosed income, while Section 158BH applies the Act's other provisions unless excluded. The bar on set-off under Section 158BB(4) applies only to losses brought forward from earlier years or unabsorbed depreciation carried beyond the block period. Losses and depreciation attributable to the block period itself are not excluded merely because the assessment is made in block proceedings and remain available for computation under the Act. Case-Laws Income Tax Wed, 27 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251760