https://www.taxtmi.com/caselaws?id=65331 The Tribunal determined that the block assessment under s. 158BC of the IT Act was invalid due to the absence of a valid warrant u/s 132(1) in the appellant's name, rendering the assessment without jurisdiction. Additionally, no substantive evidence supported the additions made, as they were not based on materials seized during the search. The Tribunal concluded that the conditions of s. 158BB(1) were unmet, leading to the deletion of all additions. Consequently, the appeal was allowed, invalidating the block assessment and associated additions. en-us Tue, 23 Nov 2004 00:00:00 +0530 Sat, 22 Jun 2024 10:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65331 The Tribunal determined that the block assessment under s. 158BC of the IT Act was invalid due to the absence of a valid warrant u/s 132(1) in the appellant's name, rendering the assessment without jurisdiction. Additionally, no substantive evidence supported the additions made, as they were not based on materials seized during the search. The Tribunal concluded that the conditions of s. 158BB(1) were unmet, leading to the deletion of all additions. Consequently, the appeal was allowed, invalidating the block assessment and associated additions. Case-Laws Income Tax Tue, 23 Nov 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65331