https://www.taxtmi.com/caselaws?id=10248 Advance tax payment has statutory significance in the search-assessment scheme, and income reflected through such payment is not automatically excluded from consideration as disclosed income merely because no return had been filed on the date of search. In the context of block assessment under Chapter XIV-B, the discussion distinguishes authority on belated returns after search and treats advance tax as relevant to determining whether income is undisclosed. On that basis, income represented by advance tax paid by the assessee was treated as outside the category of undisclosed income for block assessment purposes. en-us Wed, 08 Sep 2004 00:00:00 +0530 Sat, 11 Jul 2009 11:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10248 Advance tax payment has statutory significance in the search-assessment scheme, and income reflected through such payment is not automatically excluded from consideration as disclosed income merely because no return had been filed on the date of search. In the context of block assessment under Chapter XIV-B, the discussion distinguishes authority on belated returns after search and treats advance tax as relevant to determining whether income is undisclosed. On that basis, income represented by advance tax paid by the assessee was treated as outside the category of undisclosed income for block assessment purposes. Case-Laws Income Tax Wed, 08 Sep 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10248