https://www.taxtmi.com/caselaws?id=71868 The Tribunal dismissed the appeal, upholding the assessment under section 158BC(c) and additions of Rs. 3,632 and Rs. 40,105 as unexplained expenditure under section 69C. It was held that the provisions of section 143(2) are applicable to block assessments under section 158BC only to the extent necessary and practical, and the time limit for issuing notice under section 143(2) is not fully applicable to such assessments. The Tribunal found no new evidence to challenge the findings of the CIT(A) regarding the insufficiency of explanations for the expenditure and unexplained investment. en-us Thu, 13 Mar 2003 00:00:00 +0530 Wed, 27 Apr 2011 15:49:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71868 The Tribunal dismissed the appeal, upholding the assessment under section 158BC(c) and additions of Rs. 3,632 and Rs. 40,105 as unexplained expenditure under section 69C. It was held that the provisions of section 143(2) are applicable to block assessments under section 158BC only to the extent necessary and practical, and the time limit for issuing notice under section 143(2) is not fully applicable to such assessments. The Tribunal found no new evidence to challenge the findings of the CIT(A) regarding the insufficiency of explanations for the expenditure and unexplained investment. Case-Laws Income Tax Thu, 13 Mar 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71868