https://www.taxtmi.com/caselaws?id=263074 Income disclosed to the Department before search cannot be treated as undisclosed income under Chapter XIV-B merely because the return was belated or otherwise irregular. The decisive test under the definition of undisclosed income is whether the income had been disclosed for the purposes of the Act; here, the Department already had the relevant information through prior disclosure, a later return, and correspondence, and the search revealed no previously suppressed material. The court distinguished authority relied on by the Revenue because it involved advance tax and not prior disclosure of the same income. The issue was answered in favour of the assessee. en-us Tue, 04 Aug 2015 00:00:00 +0530 Tue, 25 Aug 2015 14:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263074 Income disclosed to the Department before search cannot be treated as undisclosed income under Chapter XIV-B merely because the return was belated or otherwise irregular. The decisive test under the definition of undisclosed income is whether the income had been disclosed for the purposes of the Act; here, the Department already had the relevant information through prior disclosure, a later return, and correspondence, and the search revealed no previously suppressed material. The court distinguished authority relied on by the Revenue because it involved advance tax and not prior disclosure of the same income. The issue was answered in favour of the assessee. Case-Laws Income Tax Tue, 04 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263074