Law:

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Section 158B of the Income-tax Act, 1961 - Block assessment in search cases - Undisclosed income - General - Block period 1-4-1985 to 13-9-1995 - Whether, since search was conducted at assessee's premises prior to expiry of due date for filing return, Tribunal was right in holding that there was no undisclosed income for block assessment period - Held, yes R.L. Jain for the Appellant. JUDGMENT 1. Shri R.L. Jain, learned counsel for the Revenue. He is heard on the question of admission. 2. This appeal has been preferred against the order dated 9-8-2002 passed by Income-tax Appellate Tribunal, Indore in I.T. (SS) A.No. 9 (Indore) of 1996. For the block assessment year 1986-87 to 13-9-1995, the assessee has been assessed to tax by the Assessing Officer and in the opinion of the Assessing Officer, the entries made in the dairy indicate that concealed income ought to have been assessed for the block assessment period. Accordingly, the income was added and assessed the tax. 3. In appeal, the Income-tax Appellate Tribunal, Indore preferred by the assessee allowed the appeal holding that there was no dispute that the date of filing of return for the assessment year…

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