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2003 (7) TMI 61 - HC - Income TaxUndisclosed income - block assessment period - There was no dispute that the date of filing of return for the assessment year 1995-96 was extended till October 31, 1995, and when the search was conducted on September 13, 1995, the due date for filing of the return was due. The assessee claimed that the income relates to the assessment year 1995-96 for which the date of filing of the return of income under sub-section (1) of section 139 had not expired. Before the Assessing Officer, the assessee made a declaration that he would be showing the income of Rs. 9,00,000 in the return for the assessment year 1995 – Thus, the appellate authority had rightly allowed the appeal holding that there was no undisclosed income for the block assessment period - It is against this order, the Revenue has come up in appeal under section 260A of the Income-tax Act, 1961.
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