https://www.taxtmi.com/caselaws?id=33651 The Court ruled in favor of the assessee in a case concerning the interpretation of section 158BB(1)(d) of the Income-tax Act for block assessment. The Court found that the income returned for the assessment year 1995-96 should be excluded from the block assessment if it was recorded in the books of account before the date of search. As there was no determination on whether the income was recorded in the books of account, the Court decided in favor of the assessee and directed further action by the Tribunal. en-us Fri, 04 Apr 2008 00:00:00 +0530 Mon, 01 Jun 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33651 The Court ruled in favor of the assessee in a case concerning the interpretation of section 158BB(1)(d) of the Income-tax Act for block assessment. The Court found that the income returned for the assessment year 1995-96 should be excluded from the block assessment if it was recorded in the books of account before the date of search. As there was no determination on whether the income was recorded in the books of account, the Court decided in favor of the assessee and directed further action by the Tribunal. Case-Laws Income Tax Fri, 04 Apr 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33651