https://www.taxtmi.com/caselaws?id=3162 The High Court dismissed the tax case appeal, ruling that income admitted in belated returns cannot be treated as undisclosed income for block assessment. The Court emphasized that the information in belated returns, even if filed late, was known to the tax authorities before the search date, thus not qualifying as undisclosed income. The decision highlighted the importance of considering the substance of information provided by the assessee rather than focusing solely on procedural timelines. en-us Mon, 26 Mar 2007 00:00:00 +0530 Wed, 30 Jul 2008 09:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3162 The High Court dismissed the tax case appeal, ruling that income admitted in belated returns cannot be treated as undisclosed income for block assessment. The Court emphasized that the information in belated returns, even if filed late, was known to the tax authorities before the search date, thus not qualifying as undisclosed income. The decision highlighted the importance of considering the substance of information provided by the assessee rather than focusing solely on procedural timelines. Case-Laws Income Tax Mon, 26 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3162