TaxTMI 
TaxTMI 
2014 (11) TMI 15
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....nue has preferred this appeal challenging the order passed by the Tribunal partly allowing the appeal of the assessee and granting relief to him. 2. The subject matter of this appeal is as under:- (i) Investments made by certain share holders in M/s Bellaire Apartments Limited; (ii) Investments made in M/s Syndicate Road Carriers; (iii) ....
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....holding that the additions on account of unexplained investment in shares, bullion etc., do not constitute undisclosed income when these transactions were not recorded in the books of accounts of the assessee and the same was not liable to be brought to tax in accordance with Section 158BB of the Act? 2. Whether the Tribunal was correct in holding that the department had alread....
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....ks of account or other document or transaction represents wholly or partly income or property which has not been or would not have been disclosed for the purposes of this Act, or any expense, deduction or allowance claimed under this Act which is found to be false." 6. However, the computation of undisclosed income of the block period is to be done under Section 158BB. Subsection (1) reads as und....
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....come of the block period shall be the undisclosed income as defined under Section 158BA, BB and other documents and such other materials or information as are available with the assessing officer and relatable to such evidence. Taking into consideration both these, the computation of undisclosed income of the block period is to be determined. The Tribunal has not looked into Section 158 BB (1) of ....