https://www.taxtmi.com/caselaws?id=35080 Income below the taxable limit for a previous year within the block period cannot be treated as undisclosed income merely because no return was filed, where there was no statutory obligation to file one. Sections 158BB(1)(c) and 158BB(1)(ca) require block income to be computed from search material and then adjusted by the total income of the relevant previous years; read together, clause (c)(B) covers income not exceeding the maximum amount not chargeable to tax, while clause (ca) treats other such cases as nil. The interpretation therefore excludes below-threshold income from block assessment on that ground alone and favours the assessee. en-us Fri, 23 Nov 2007 00:00:00 +0530 Sat, 19 Dec 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35080 Income below the taxable limit for a previous year within the block period cannot be treated as undisclosed income merely because no return was filed, where there was no statutory obligation to file one. Sections 158BB(1)(c) and 158BB(1)(ca) require block income to be computed from search material and then adjusted by the total income of the relevant previous years; read together, clause (c)(B) covers income not exceeding the maximum amount not chargeable to tax, while clause (ca) treats other such cases as nil. The interpretation therefore excludes below-threshold income from block assessment on that ground alone and favours the assessee. Case-Laws Income Tax Fri, 23 Nov 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35080