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Income Tax - Highlights / Catch Notes

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Income u/s 158BA - Block assessment - If the principal amount is ...


Interest on Principal Not Undisclosed Income in Block Assessment Under Income Tax Section 158BA; Taxpayer Complied with Filing and Payment.

August 10, 2013

Case Laws     Income Tax     HC

Income u/s 158BA - Block assessment - If the principal amount is not considered as undisclosed income, the interest accrued thereon cannot be construed as undisclosed income and in the returns filed by the assessee, that income is also shown and tax is paid - HC

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