2008 Supreme(Kar) 235

2008 (3) KLO 138 AC 107 (DB)
IN THE HIGH COURT OF KARNATAKA
V. Gopala Gowda and Arali Nagaraj, JJ.
I.T.A. Nos. 106/2004 and 633/2004
The Commissioner of Income-Tax, Central - Appellant
Vs.
M/s. Wipro Finance Limited - Respondent
Decided on 2-4-2008

Headnote:INCOME TAX ACT, 1961 - Sections 158-BA & 143: [V.Gopala Gowda & Arali Nagaraj, JJ] Assessment -Same income which was assessed as undisclosed income for block period in block assessment - Held, The assessment of undisclosed income relating to block period shall have to be made only in accordance with the provisions of Chapter XIV-B of Income-tax Act, 1961; which provide special procedure for such assessment and that the total undisclosed income relating to the block period which is assessed under the said Chapter shall not be included in the regular assessment of any previous year included in the block period. Hence, the same income which was assessed as the undisclosed income for the block period could not be assessed even on protective basis.