https://www.taxtmi.com/caselaws?id=424843 The High Court held that materials gathered during a survey can be used for block assessment under Sections 158BB and 158BH of the Income Tax Act. The Court emphasized that such materials are relevant for undisclosed income computation. The Tribunal's decision to treat survey materials as disclosed income was overturned, aligning with the Supreme Court's directive to base block assessments on evidence from searches or document requisitions. The case underscores the importance of strict adherence to tax laws in block assessments. en-us Tue, 21 Jun 2022 00:00:00 +0530 Sat, 09 Jul 2022 08:03:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424843 The High Court held that materials gathered during a survey can be used for block assessment under Sections 158BB and 158BH of the Income Tax Act. The Court emphasized that such materials are relevant for undisclosed income computation. The Tribunal's decision to treat survey materials as disclosed income was overturned, aligning with the Supreme Court's directive to base block assessments on evidence from searches or document requisitions. The case underscores the importance of strict adherence to tax laws in block assessments. Case-Laws Income Tax Tue, 21 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424843