Block Assessment Can Use Search Evidence & Related Material: SC Upholds HC View

Mange Ram Mittal Vs CIT (Supreme Court of India)

The Supreme Court, after hearing counsel and reviewing the record, declined to interfere with the judgment of the Punjab and Haryana High Court. The Special Leave Petition was dismissed, thereby affirming the High Court’s decision regarding assessment of undisclosed income under the special procedure for search cases in Chapter XIV-B of the Income Tax Act. Read HC Judgment: Please become a Premium member. If you are already a Premium member, login here to access the full content.