https://www.taxtmi.com/caselaws?id=179025 Undisclosed income under sections 153A and 153C must be computed on the basis of material found during search proceedings, and material already disclosed in regular assessment or block assessment cannot be used for that purpose. Section 158BI excludes the chapter's application where a search is initiated under section 132 or requisition is made under section 132A after 31 May 2003; absent any factual averment establishing such initiation or requisition, the Tribunal's conclusion was not displaced. The question of law was answered against the assessee, and no illegality or infirmity was found in the Tribunal's order. en-us Fri, 12 Jul 2013 00:00:00 +0530 Wed, 01 Mar 2017 11:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179025 Undisclosed income under sections 153A and 153C must be computed on the basis of material found during search proceedings, and material already disclosed in regular assessment or block assessment cannot be used for that purpose. Section 158BI excludes the chapter's application where a search is initiated under section 132 or requisition is made under section 132A after 31 May 2003; absent any factual averment establishing such initiation or requisition, the Tribunal's conclusion was not displaced. The question of law was answered against the assessee, and no illegality or infirmity was found in the Tribunal's order. Case-Laws Income Tax Fri, 12 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179025