Case Name : L.R. Gupta Vs. Union Of India
Citation : 194 ITR 32 (DELHI)
Court : Delhi High Court
Section : 132
Meaning : The expression ‘income which has not been or would not be disclosed for the purposes of income-tax act’ would mean that income which is liable to tax but which the assessee has not returned in his income-tax return or made known to the income-tax department. The sub-clause itself refers to this as ‘undisclosed income or property’. The word ‘undisclosed’, in that context, must mean income which is hidden from the department.