Whether the income of the Assessee was liable to be excluded ...
Court Rules Section 10(22) Income Exclusion Not Applicable in Block Assessment Focused on 'Undisclosed Income' u/s 158BC.
October 10, 2015
Case Laws Income Tax HC
Whether the income of the Assessee was liable to be excluded from its total income by virtue of Section 10(22) of the Act was an issue which could not be made the subject matter of block assessment under Section 158BC, as the same is concerned only with the assessment of ‘undisclosed income’ - Held Yes - HC
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