[aaykarbhavan] Salary income declared after search proceedings would be undisclosed even if tax was deducted therefrom

Salary income declared after search proceedings would be undisclosed even if tax was deducted therefrom

August 12, 2014[2014] 47 taxmann.com 289 (Gujarat)

IT : Tax to be deducted at source being also computed on estimated income of an assessee for relevant financial year, such deduction can not result in disclosure of total income for relevant assessment year

IT : Where return was filed by assessee after block assessment proceedings were initiated by Assessing Officer, intention of assessee was not to disclose income and therefore, same is required to be treated as undisclosed income as per section 158B(b)

 

Regards

Prarthana Jalan

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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>

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