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2005 (5) TMI 41 - HC - Income TaxAddition for the block period - addition was without any basis and there is no discussion in the order of assessment except to the extent that the return was not filed within time. - Held that if the income returned by the assessee is from disclosed sources then no addition can be made on account of undisclosed income under Chapter XIV-B merely on the ground that the return of such income was not filed before the date of search. The provisions of section 158B of the Act would not be attracted in the present case inasmuch as nothing has been recorded in the order of assessment or in any proceedings thereafter, that the amount had not been indicated in the books of account or that the assessee had failed to produce the books of account, as directed by the Assessing Officer. – revenue appeal dismissed
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