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2011 (9) TMI 653 - HC - Income TaxBlock Assessment - Set off or carry forward of loss for p/y years from the undisclosed income determined during Search - Return for p/y were Belatedly filed - Held That:- It is clear that in computing the total income or loss of the Block period, the income or loss of each of the previous year has to be taken into consideration and computed in accordance with the provisions of the Act except set off or brought forward of loss under Section 32(2) of Act. The facts as regards whether on the due date, the assessee had filed a return of income or had not filed any return, as Nil, are facts that may have to be gone into for a proper finding to be arrived at. Case referred back.
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