Section 158BD Assessment Valid for Wife Based on Diary Seized from Husband’s Premises

Taxguru21 Dec, 2025News

The appeal was filed by Smt. B. Renuka before the Telangana High Court under Section 260A of the Income Tax Act, 1961, challenging the ITAT Hyderabad Bench ‘A’ order in I.T. (S.S.) A.No.148/Hyd/2002, which pertained to the block period 1989-90 to 1998-99 and 01.04.1999 to 27.07.1999. The ITAT had partly allowed the appellant’s appeal only regarding the levy of surcharge under the proviso to Section 113, which could not be applied retroactively before 01.06.2002. However, the Tribunal upheld the Assessin