https://www.taxtmi.com/caselaws?id=404292 Income already disclosed in regular returns and accepted in scrutiny assessments cannot be reassessed as undisclosed income in block proceedings under Chapter XIV-B merely because post-search material doubts its genuineness. Block assessment is confined to undisclosed income found as a result of search, and retrospective widening of the definition of undisclosed income does not authorise addition of previously disclosed income. The proper remedy, if any, is regular reassessment, not block assessment. On that basis, the additions were held without jurisdiction and deleted, and the penalty founded only on those additions could not survive. en-us Wed, 27 Jan 2021 00:00:00 +0530 Sat, 20 Feb 2021 09:07:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404292 Income already disclosed in regular returns and accepted in scrutiny assessments cannot be reassessed as undisclosed income in block proceedings under Chapter XIV-B merely because post-search material doubts its genuineness. Block assessment is confined to undisclosed income found as a result of search, and retrospective widening of the definition of undisclosed income does not authorise addition of previously disclosed income. The proper remedy, if any, is regular reassessment, not block assessment. On that basis, the additions were held without jurisdiction and deleted, and the penalty founded only on those additions could not survive. Case-Laws Income Tax Wed, 27 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404292