https://www.taxtmi.com/caselaws?id=252950 The High Court ruled in favor of the Assessee, dismissing the Revenue's appeals. It held that undisclosed income discovered post-search and survey, unrelated to the search findings, should be subject to regular assessment rather than block assessment. The Court emphasized the significance of the source of incriminating material in determining the appropriate assessment method, ensuring fair tax treatment based on the circumstances of discovery. en-us Fri, 10 Oct 2014 00:00:00 +0530 Fri, 08 May 2015 15:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252950 The High Court ruled in favor of the Assessee, dismissing the Revenue's appeals. It held that undisclosed income discovered post-search and survey, unrelated to the search findings, should be subject to regular assessment rather than block assessment. The Court emphasized the significance of the source of incriminating material in determining the appropriate assessment method, ensuring fair tax treatment based on the circumstances of discovery. Case-Laws Income Tax Fri, 10 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252950