https://www.taxtmi.com/caselaws?id=34268 The appeal was dismissed by the Court, upholding the Tribunal's decision that assessments completed under Section 143(3)/144/147 cannot be reopened in block assessment proceedings under Chapter XIV-B if the material found during search had already been disclosed in regular assessments. The Court emphasized that disclosed income should not be included in computing undisclosed income for block assessment purposes. Additionally, the Court clarified that disclosed income on account of advance tax/TDS should not be treated as undisclosed income for block assessment, highlighting the importance of evidence found during search in block assessments. en-us Wed, 22 Jul 2009 00:00:00 +0530 Sat, 01 Aug 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34268 The appeal was dismissed by the Court, upholding the Tribunal's decision that assessments completed under Section 143(3)/144/147 cannot be reopened in block assessment proceedings under Chapter XIV-B if the material found during search had already been disclosed in regular assessments. The Court emphasized that disclosed income should not be included in computing undisclosed income for block assessment purposes. Additionally, the Court clarified that disclosed income on account of advance tax/TDS should not be treated as undisclosed income for block assessment, highlighting the importance of evidence found during search in block assessments. Case-Laws Income Tax Wed, 22 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34268