Supreme Court of India
The Assistant Commissioner of Income Tax, Chennai v. M/s A.R. Enterprises
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
What the Court ordered
We are of the opinion that mere deduction of tax at source, also, does not amount to disclosure B of income, nor does it indicate the intention to disclose income most definitely when the same is not disclosed in the returns filed for the concerned assessment year.
Judgment, page 32
From the headnote
INCOME TAX ACT, 1961 c Chapter XIV- - Scope of - Explained - ss. 158 BB, 158 BC and 158 BO read with ss. 132 and 139 -Detection of undisclosed income of assessee during search of another concern - Plea of assessee that since it had paid Advance 0 Tax, its income could not be said to be undisclosed - Held: Payment of Advance Tax, which is based upon estimated income, cannot tantamount to the disclosure of the total income, which must be declared in the return - Disclosure of total income by filing of return u/s 139 is mandatory even after payment of Advance Tax by an assessee - In view of the
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