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2003 (9) TMI 42 - HC - Income TaxThe only question for consideration in this appeal is as to whether the undisclosed income of a particular block period if not taxable would be treated as an undisclosed income on non-filing of the return - It is an admitted position that with effect from July 1, 1995, the amendment has been made in section 158BC of the Finance Act which clearly provides that if the income of the particular assessment year falling within the block period is not taxable the same shall not be treated to be undisclosed income. – Thus question is answered in negative – Revenue appeal dismissed
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