https://www.taxtmi.com/caselaws?id=13545 The court ruled in favor of the assessee, finding no undisclosed income for assessment under Chapter XIV-B. The Tribunal determined that the belated returns filed by the assessee, though invalid, disclosed the income earned, negating the need for assessment under section 158BB. The court emphasized that the information shared with the Assessing Officer before the search did not constitute undisclosed income. Consequently, the assessment under Chapter XIV-B was deemed unwarranted, leading to a decision against the Revenue Department and in favor of the assessee. en-us Thu, 01 Apr 2004 00:00:00 +0530 Fri, 29 May 2009 15:56:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13545 The court ruled in favor of the assessee, finding no undisclosed income for assessment under Chapter XIV-B. The Tribunal determined that the belated returns filed by the assessee, though invalid, disclosed the income earned, negating the need for assessment under section 158BB. The court emphasized that the information shared with the Assessing Officer before the search did not constitute undisclosed income. Consequently, the assessment under Chapter XIV-B was deemed unwarranted, leading to a decision against the Revenue Department and in favor of the assessee. Case-Laws Income Tax Thu, 01 Apr 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13545