https://www.taxtmi.com/caselaws?id=33691 The court upheld the Tribunal's decision in favor of the taxpayer, ruling that belatedly filed returns did not constitute undisclosed income as per the Income-tax Act. The court emphasized that the returns provided income information before the search, negating the need for assessment under Chapter XIV-B. The court also rejected the Revenue's argument that late-filed returns should be treated as undisclosed income, even for years with advance tax payments. Ultimately, the court dismissed the tax case, affirming the Tribunal's decision and finding no substantial questions of law for consideration. en-us Fri, 10 Aug 2007 00:00:00 +0530 Thu, 04 Jun 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33691 The court upheld the Tribunal's decision in favor of the taxpayer, ruling that belatedly filed returns did not constitute undisclosed income as per the Income-tax Act. The court emphasized that the returns provided income information before the search, negating the need for assessment under Chapter XIV-B. The court also rejected the Revenue's argument that late-filed returns should be treated as undisclosed income, even for years with advance tax payments. Ultimately, the court dismissed the tax case, affirming the Tribunal's decision and finding no substantial questions of law for consideration. Case-Laws Income Tax Fri, 10 Aug 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33691