Supreme Court of India
Commissioner of Income Tax, Chennai v. S. Ajit Kumar
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What the Court ordered
In view of the foregoing discussions, we are of the considered opinion that the decisions relied upon by learned senior counsel for the assessee do not lay down the correct law.
Judgment, page 9
From the headnote
Income Tax Act, 1961 – s. 158BB, 158 BH and 133A – Undisclosed income of the block period – Computation of – Searc h conducted in the premises of assessee by the Income Tax epartment – Concurrently survey conducted in the premises of the buil der who constructed the house of the assessee – Cash payment of Rs 95.16 lakhs found in the course of survey in the premises of the builder – If could be used in Block Assessment of the assessee – Hel d: It can be added under the head of the undisclosed income of the assessee in block assessment – Assessing Officer was justifie d in taking the adverse
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