2018 (9) TMI 361 - SCH - Income Tax

Block Assessment - Fixed deposits in the fictitious names not detected during search but detected by investigation which was carried after the search Tribunal holding that the information not found during the course of search cannot be used to arrive at an undisclosed income under the block assessment as per section 158BB Held that - We have examined the grounds urged in support of the prayer for review. We find no error apparent on the face of the record to warrant recall of our order 2018 (5) TMI 266 - SUPREME COURT OF INDIA . The review petition is, accordingly dismissed.

Summary

The Supreme Court of India dismissed the review petition on 2nd May, 2018, as no error was found on the face of the record. Delay was condoned, and pending applications were disposed of. (Citation: 2018 (9) TMI 361 - SC)