https://www.taxtmi.com/caselaws?id=14446 Chapter XIV-B block assessment of undisclosed income is additional to, and does not replace, regular assessment of disclosed income for a year within the block period. The Court held that income already disclosed in a return under section 139 or 147 does not merge into block assessment, so regular assessment under section 143(3) may proceed concurrently and notices under sections 142(1) and 143(2) remain valid. It also held that the Explanation inserted in section 158BA, stating that block assessment is in addition to regular assessment, was clarificatory, retrospective in effect, and not ultra vires. The regular assessment proceedings were restored. en-us Fri, 17 Nov 2000 00:00:00 +0530 Thu, 16 Jul 2009 10:26:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14446 Chapter XIV-B block assessment of undisclosed income is additional to, and does not replace, regular assessment of disclosed income for a year within the block period. The Court held that income already disclosed in a return under section 139 or 147 does not merge into block assessment, so regular assessment under section 143(3) may proceed concurrently and notices under sections 142(1) and 143(2) remain valid. It also held that the Explanation inserted in section 158BA, stating that block assessment is in addition to regular assessment, was clarificatory, retrospective in effect, and not ultra vires. The regular assessment proceedings were restored. Case-Laws Income Tax Fri, 17 Nov 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14446