https://www.taxtmi.com/caselaws?id=11438 The retrospective amendment to section 158BB(1)(c)(B) excluded income of any previous year in the block period where that income did not exceed the maximum amount not chargeable to tax. Because the search was conducted after the amendment took effect from 1 July 1995, the amended provision applied to the block assessment under section 158BC. Income below the taxable limit for a previous year within the block period was therefore not includible as undisclosed income for block assessment purposes, and the issue was answered in favour of the assessee. en-us Fri, 28 Mar 2003 00:00:00 +0530 Wed, 11 Feb 2015 11:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11438 The retrospective amendment to section 158BB(1)(c)(B) excluded income of any previous year in the block period where that income did not exceed the maximum amount not chargeable to tax. Because the search was conducted after the amendment took effect from 1 July 1995, the amended provision applied to the block assessment under section 158BC. Income below the taxable limit for a previous year within the block period was therefore not includible as undisclosed income for block assessment purposes, and the issue was answered in favour of the assessee. Case-Laws Income Tax Fri, 28 Mar 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11438