Court Rules Tax Dept. Can't Prosecute for Undisclosed Income in Block Assessment Period u/ss 276C(1) and 277. https://www.taxtmi.com/highlights?id=68903 Block Assessment - prosecution Proceedings- Offence Committed u/ s 276C(1) and 277 r.w.s 278B - having decided the preliminary issue as regards there being no power vested with the Income Tax Department to launch a prosecution with regard to undisclosed income for block assessment for the period between 1.7.1995 to 1.1.1997, the necessary consequence would be quashment of the Complaints. - HC en-us Fri, 24 Mar 2023 13:46:09 +0530 Fri, 24 Mar 2023 13:46:09 +0530 TaxTMI RSS Generator Court Rules Tax Dept. Can't Prosecute for Undisclosed Income in Block Assessment Period u/ss 276C(1) and 277. https://www.taxtmi.com/highlights?id=68903 Block Assessment - prosecution Proceedings- Offence Committed u/ s 276C(1) and 277 r.w.s 278B - having decided the preliminary issue as regards there being no power vested with the Income Tax Department to launch a prosecution with regard to undisclosed income for block assessment for the period between 1.7.1995 to 1.1.1997, the necessary consequence would be quashment of the Complaints. - HC Highlights Income Tax Fri, 24 Mar 2023 13:46:09 +0530 https://www.taxtmi.com/highlights?id=68903